<ul><li>The Chamber of Digital Commerce filed an amicus curiae brief defending Kraken against the SEC&#39;s lawsuit, challenging the broad classification of digital assets as securities.</li><li>Kraken disputes the SEC&#39;s allegations of operating an unregistered securities exchange and has sought to dismiss the case.</li><li>Amidst regulatory challenges, Kraken launches a new division targeting institutional clients, aiming to leverage the growing interest in Bitcoin ETFs.</li></ul>The Chamber of Digital Commerce has recently taken a stand in the ongoing legal dispute between Kraken, a prominent cryptocurrency exchange, and the U.S. Securities and Exchange Commission (SEC). By filing an amicus curiae brief on February 27, the Chamber aims to challenge the SEC&#39;s approach toward the regulation of digital assets. This move marks a significant moment in the ongoing <a href="https://cryptotale.org/john-deaton-says-crypto-regulation-wont-come-to-the-u-s-until-2025/" rel="noopener noreferrer nofollow">debate over the regulatory framework</a> for digital assets in the United States.The crux of the Chamber&#39;s argument is the SEC&#39;s attempt to classify all digital asset transactions as securities transactions, which it deems legally incorrect. The Chamber argues that digital assets constituted merely as lines of computer code, enabling functionality on blockchain networks, should not inherently be treated as investment contracts. Citing legal precedents where digital tokens were not automatically <a href="https://www.bloomberg.com/news/articles/2023-08-18/sec-moves-to-appeal-ripple-ruling-that-crypto-is-not-a-security" rel="noopener noreferrer nofollow">considered securities</a>, the Chamber emphasizes the need for a transaction-by-transaction assessment.<a href="https://cryptotale.org/chamber-of-digital-commerce-stands-with-kraken-in-sec-regulatory-dispute/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

Chamber of Digital Commerce Stands with Kraken in SEC Regulatory Dispute

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