Kraken denies SEC allegations, stating that digital assets are not securities

ChainCatcher news, according to Cointelegraph, the cryptocurrency exchange Kraken has responded to the U.S. Securities and Exchange Commission's allegations of violating federal securities laws.

In legal documents submitted on September 12, the cryptocurrency exchange denied the SEC's allegations, stating that the assets cited by the regulator do not meet the legal definition of securities. Kraken stated in the documents that it has not violated "Sections 5, 15(a), and 17A of the Securities Exchange Act of 1934," because the cited assets "are not securities or investment contracts."