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US judge denies Kraken’s motion to dismiss SEC lawsuit over securities transactions

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Summary
Nutrition label

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 .

VR Score

49

Informative language

42

Neutral language

83

Article tone

formal

Language

English

Language complexity

45

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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no affiliate links