Montana Blasts SEC ‘Regulatory Power Grab’ in Kraken’s Case: ‘Crypto Assets Are Not Automatically Securities’

Montana Blasts SEC 'Regulatory Power Grab' on Kraken's Case: 'Crypto Assets Are Not Automatically Securities'Montana introduced an amicus curiae in the case of the SEC vs. Kraken, a US-based crypto exchange, criticizing the “regulatory power grab” of the institution. Montana, supported by seven other states, affirms that crypto assets are not automatically securities and that the SEC’s expansive concept of “investment contract” might preempt state legislation. Montana and Seven […]

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Chamber of Digital Commerce: SEC Actions ‘Pose Separation of Powers and Due Process Concerns’

Chamber of Digital Commerce: SEC Actions 'Pose Separation of Powers and Due Process Concerns'The Chamber of Digital Commerce, a Washington-based blockchain advocacy group, has filed an amicus curiae document on the SEC v Payward, Inc. (Kraken) case. The chamber argues that the actions of the SEC pose “separation of powers and due process” concerns and that digital assets are not inherently investment contracts. Chamber of Digital Commerce Slams […]

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Amidst a Surge in Spot Bitcoin ETF Reserves, Kraken Institutional Enters the Market

Amidst a Surge in Spot Bitcoin ETF Reserves, Kraken Institutional Enters the MarketThe crypto exchange based in San Francisco, Kraken, has unveiled its latest offering, Kraken Institutional, a digital currency suite designed expressly for high-net-worth firms and institutional investors. Deep Liquidity and Low-Latency Trading: Kraken Institutional’s Promise to Elite Clients This new crypto service, Kraken Institutional, introduced by Tim Ogilvie, the global head of the business division, […]

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Service Interruptions at Coinbase, Robinhood and Kraken as Bitcoin Soared to $64,000

Service Interruptions at Coinbase, Robinhood and Kraken as Bitcoin Soared to $64,000On Wednesday, bitcoin’s value ascended to the vicinity of $64,000, during which time users of Coinbase and Robinhood reported disruptions in service. As of Feb. 28, 2024, Coinbase’s status page indicated the platform was suffering from “degraded performance,” while Robinhood’s clientele voiced their grievances to the platform’s support team. Technical Troubles Shadow Bitcoin’s Climb to […]

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Crypto Exchange Kraken Shares ‘Real Story’ of SEC Lawsuit — Claims SEC Seeks ‘Boundless Authority’ Over Commerce

Crypto Exchange Kraken Shares 'Real Story' of SEC Lawsuit — Claims SEC Seeks 'Boundless Authority' Over CommerceCryptocurrency exchange Kraken has shared what it called “the real story” of the lawsuit against it by the U.S. Securities and Exchange Commission (SEC). Kraken also explained why it is moving to dismiss the case. “Crypto innovators in the United States should not have to fear retaliation for their political speech. They should be free […]

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Kraken Starts Requiring Info on Self-Custody Crypto Wallet Ownership in the UK

Kraken Starts Requiring Info on Self-Custody Wallet Ownership in UKKraken, a U.S.-based cryptocurrency exchange, has started requiring additional information in the U.K. regarding transactions of self-custody wallets made to and from its accounts. Kraken sent an email to some of its U.K. customers, stating that if the information required was not provided, it could result in an account lock until the required data is […]

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