The U.S. Securities and Exchange Commission (SEC) achieved a partial victory in its legal battle with Kraken, a prominent cryptocurrency exchange. This development follows a decision by a California federal judge, who rejected Kraken's assertion that Congress did not empower the SEC to regulate cryptocurrencies.
U.S. District Judge William Orrick dismissed Kraken’s "major questions doctrine" defense, marking a significant point in the ongoing case. The ruling underscores the judiciary's stance on the SEC's jurisdiction over the cryptocurrency sector, with implications for future regulatory actions and industry practices.
Kaynak: www.thecoinrepublic.com ↗
