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•64% Informative
US District Judge William H. Orrick denies Kraken 's motion to dismiss SEC lawsuit over securities transactions.
Kraken ordered to respond to SEC allegations within 20 days of a court order.
Ruling underscores the SEC ’s stance that Kraken may have facilitated unregistered securities transactions on its platform.
This development comes just after the exchange records a legal defeat against the Australian Securities and Investments Commission .
VR Score
49
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42
Neutral language
83
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formal
Language
English
Language complexity
45
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Attention-grabbing headline
detected
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short-lived
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3
Source diversity
3
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