Creative Twist: Kraken Lawyer Persists in Dismissing SEC Lawsuit, Hearing Scheduled for June.

According to a news article, Kraken’s lawyer submitted a court filing on Thursday, stating that the organization “has not found any investment contracts traded, brokered, or settled on Kraken.” The argument made by the U.S. Securities and Exchange Commission is deemed unconvincing. Kraken’s lawyer also applied the “major questions doctrine” in their recent filing. This doctrine is frequently cited by cryptocurrency companies and states that if an institution wants to make a decision on a matter of significant national importance, it must have explicit authorization from Congress. The U.S. Securities and Exchange Commission claims that it does not “assume new powers.”