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BREAKING: Your Crypto Dreams Are Officially Doomed as Court Rips Apart Kraken Like a Tuna Can

A cartoonish illustration depicting a giant tuna can being ripped apart by a pair of scissors held by a stern-looking judge's gavel-wielding hand. In the background, several fish (representing cryptocurrencies) swim away in disarray as Kraken's logo is shown shattered on the seafloor.

It looks like Kraken’s crypto dreams just got a whole lot more expensive – not in Bitcoin or Ethereum, mind you, but in legal fees and potential fines.

Source: cointelegraph

A United States federal court denied crypto exchange Kraken’s motion to dismiss a Securities and Exchange Commission lawsuit alleging Kraken is operating an unregistered securities exchange, according to an Aug. 23 court filing.  In November, the SEC charged Kraken with “operating [a] crypto trading platform as an unregistered securities exchange, broker, dealer, and clearing agency.”  “The SEC has plausibly alleged that at least some of the cryptocurrency transactions that Kraken […]

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