Summary
- The U.S. Securities and Exchange Commission (SEC) announced that it is withdrawing its lawsuit against Kraken.
- The SEC had filed a lawsuit against Kraken for allegedly operating unregistered securities, and the court had ruled that virtual assets could be considered securities.
- However, it was reported that Kraken's interlocutory appeal had been dismissed by the court.
According to the Wall Street Journal on the 3rd (local time), the U.S. Securities and Exchange Commission (SEC) announced that it is withdrawing its lawsuit against Kraken.
Previously, the SEC had filed a lawsuit against Kraken for allegedly operating unregistered securities, and the court had ruled that the SEC appropriately argued that virtual assets (cryptocurrencies) traded on Kraken could be considered securities.
Kraken had applied for an interlocutory appeal against this, but the court dismissed it.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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