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Blockchain Association Urges Court to Dismiss SEC-Kraken Lawsuit

Published 03/02/2024, 01:31 AM
Updated 03/02/2024, 01:45 AM
Blockchain Association Urges Court to Dismiss SEC-Kraken Lawsuit
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  • The Blockchain Association has filed an amicus brief in support of Kraken in the SEC lawsuit.
  • The association questions the SEC’s autocratic authority over cryptocurrencies, urging the court to dismiss their lawsuit against Kraken.
  • Marisa Tashman Coppel, the association head, shares her support for Kraken and objection to the SEC’s tyrannical rule.

The Blockchain Association, a non-profit organization functioning as a collective voice in the crypto space, recently filed an amicus brief in support of Kraken in the SEC lawsuit. Addressing the legal case’s impact on the entire crypto sphere, the association questioned the Securities and Exchange Commission’s (SEC) autocratic authority.

In November 2023, the SEC filed a lawsuit against Kraken for allegedly operating as an unregistered securities exchange, broker, dealer, and clearing agency. However, in February 2024, Kraken approached the…

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