US Judge Denies Kraken SEC Dismissal
This is a US news story, published by CoinGape, that relates primarily to William H. Orrick news.
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•US judge denies Kraken’s motion to dismiss SEC lawsuit over securities transactions
64% Informative
US District Judge William H. Orrick denies Kraken 's motion to dismiss SEC lawsuit over securities transactions.
Kraken ordered to respond to SEC allegations within 20 days of a court order.
Ruling underscores the SEC ’s stance that Kraken may have facilitated unregistered securities transactions on its platform.
This development comes just after the exchange records a legal defeat against the Australian Securities and Investments Commission .
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