center

특허받은 AI 모델로 검증된 SIGN을

앱에서 편리하게 만나보세요!

Kang-hoon

Thu, June 20, 2024 at 16:39

  • 썸네일

    Kang-hoon

    • Hello, Annie.

    • Today, we have significant news regarding Kraken's ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).

    • 썸네일
  • Annie

    • Oh, that sounds serious.

    • What's the issue about?🤔

    썸네일
  • 썸네일

    Kang-hoon

    • The SEC has accused Kraken of operating as an unregistered securities exchange, broker-dealer, and securities clearing agency.

    • 썸네일
    • They also claim that 11 tokens listed on Kraken, including SOL, ADA, and ALGO, are securities.

  • Annie

    • Wow, that's a lot of accusations.

    • How is Kraken responding to these claims?

    썸네일
  • ADward

    • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... 😅

    썸네일
  • 썸네일

    Kang-hoon

    • Kraken has filed a motion to dismiss the lawsuit, arguing that the SEC's case is weak.

    • They rely on the Howey Test to assert that no securities transactions occurred on their exchange.

  • Annie

    • The Howey Test?

    • Can you explain what that is?🤓

    썸네일
  • 썸네일

    Kang-hoon

    • Certainly.

    • The Howey Test is a legal standard used to determine whether a transaction qualifies as an investment contract, and thus a security.

    • It examines if there's an investment of money in a common enterprise with an expectation of profits primarily from the efforts of others.

  • Annie

    • Got it.

    • So, what are Kraken's main arguments against the SEC?

    썸네일
  • 썸네일

    Kang-hoon

    • Kraken argues that the SEC has not correctly identified any investment contracts on their platform.

    • They also take issue with the SEC's terminology, suggesting that terms like 'investment concept' and 'ecosystem' should be 'investment contract' and 'enterprise' respectively.

  • Annie

    • Interesting.

    • Are there any notable supporters for Kraken in this case?

    썸네일
  • 썸네일

    Kang-hoon

    • Yes, indeed.

    • Kraken has received support from several entities, including Senator Cynthia Lummis, the Blockchain Association, the DeFi Education Fund, and the Chamber of Digital Commerce, among others.

  • Annie

    • That's quite a lineup!

    • How does this compare to the Coinbase case?

    썸네일
  • 썸네일

    Kang-hoon

    • The SEC has used similar arguments in the Coinbase case, claiming that token ecosystems make them securities under the Howey Test.

    • Coinbase has accused the SEC of inconsistent and contradictory arguments, leading to legal ambiguity in the digital asset market.

  • Annie

    • So, are Bitcoin and Ethereum also considered securities?

    썸네일
  • 썸네일

    Kang-hoon

    • No, the SEC has classified Bitcoin and Ethereum as commodities, not securities.

    • This has been confirmed through the approval of spot ETFs for these cryptocurrencies.

  • Annie

    • That's a bit confusing.

    • Why are other tokens with significant ecosystems treated differently?

    썸네일
  • 썸네일

    Kang-hoon

    • That's a key point of contention.

    • The crypto community and legal experts are closely watching today's arguments to see if the SEC's stance on what constitutes a security will evolve.

  • Annie

    • When are the oral arguments scheduled?

    썸네일
  • 썸네일

    Kang-hoon

    • The oral arguments for Kraken's motion to dismiss are scheduled for today at 1 PM ET/10 AM PT.

  • Annie

    • Thanks for the detailed explanation, Kang-hoon.

    • Do you think this news is good or bad for the market?

    썸네일
  • 썸네일

    Kang-hoon

    • In the short term, this news is likely negative for the market.

    • Legal uncertainties and regulatory actions tend to create volatility and fear among investors, which can lead to a decline in market confidence.

    • Upon comprehensive consideration, this news is perceived as a 😱Bearish.

알림

받기