📢 News Flash! Popular cryptocurrency platform Kraken has filed a legal defense against SEC accusations of trading unregistered securities. Kraken argues that the case lacks precision and misinterprets fundamental legal concepts. 💼🔍

The SEC sued Kraken last November, alleging that it made millions of dollars from trading "crypto securities assets" without registering with the agency "as required by law." Kraken has filed a motion to dismiss the case, claiming it sets a "dangerous precedent" for the agency's jurisdiction.

Kraken relies on previous SEC cases involving initial coin offerings (ICOs) to support its stance. What do you think of this case? Do you think the SEC is exceeding its authority? Comment below! 💬👇