Montana Blasts SEC ‘Regulatory Power Grab’ in Kraken’s Case: ‘Crypto Assets Are Not Automatically Securities’

Montana introduced an amicus curiae successful the lawsuit of the SEC vs. Kraken, a US-based crypto exchange, criticizing the “regulatory powerfulness grab” of the institution. Montana, supported by 7 different states, affirms that crypto assets are not automatically securities and that the SEC’s expansive conception of “investment contract” mightiness preempt authorities legislation. Montana and Seven […]