Attention, crypto enthusiasts! 🚀 Kraken has responded to SEC allegations that it violated federal securities laws. The SEC alleges that several digital assets on Kraken are unregistered securities. Kraken strongly denies this, saying that ADA, ALGO, ATOM, and others are not investment contracts under U.S. law.

- Kraken relies on the SEC v. W.J. Howey Co. case to argue that the assets do not meet the Howey test.

- They criticize the SEC's lack of clarity and authority over digital assets.

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