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Kraken's decision to seek dismissal of the lawsuit, filed in the Northern District of California, hinges on a key argument: cryptocurrencies, particularly those cited in the SEC's complaint, should be classified as commodities rather than securities. The exchange contends that the SEC's lawsuit lacks allegations of fraud or consumer harm and stretches the definition of a contract.
https://cryptomufasa.com/kraken-takes-action-to-dismiss-sec-lawsuit/?utm_source=snapi