Kraken Challenges SEC Allegations with Howey Test Defense in High-Stakes Legal Battle

Kraken and the SEC face off in court regarding allegations of Kraken functioning as an unregistered exchange and broker-dealer. The central argument hinges on the application of the Howey Test to determine whether certain cryptocurrencies qualify as securities. Notable support has been shown for Kraken from several quarters, including U.S. Senator Cynthia Lummis and the