Why the SEC’s Partial Win Against Kraken is Causing a Stir in the Crypto Industry
The U.S. Securities and Exchange Commission (SEC) has won a partial victory in its lawsuit against Kraken. While California federal judge William Orrick dismissed some of Kraken’s primary arguments, the ruling has sparked discussions about its potential impact on other crypto exchanges facing similar legal scrutiny. One of Kraken’s central arguments relied on the “key questions doctrine,” which holds that federal agencies like the SEC shouldn’t assume authority over significant matters unless specifically authorized by Congress. Kraken argued that the SEC lacked the legal grounds to regulate the cryptocurrency market in the way it had. However, the judge rejected this…
