KRAKEN FIRED BACK AT THE SEC WITH ITS FINAL BRIEF IN THE MOTION TO DISMISS THE SEC'S COMPLAINT

Summary from the TLDR Crypto newsletter

Kraken has responded to the SEC's complaint with a final brief arguing for dismissal, criticizing the SEC for failing to define a specific investment contract trading on the platform and instead citing vague investment-like "expectations" and "concepts." The exchange insists on the necessity of a concrete contract for an investment contract, challenging the SEC's broader interpretations and advocating for clearer regulatory frameworks.