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securities exchangeCoinGape
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Kraken has officially requested a jury trial in its ongoing legal battle against the U.S. Securities and Exchange Commission .
The lawsuit, which alleges the exchange operated as an unregistered securities exchange, broker, and clearing agent, will proceed to trial.
Kraken has denied all claims of illegal conduct, asserting that it has not engaged in activities that would classify it as a securities exchange or clearing agent under existing federal laws.
This decision mirrors outcomes in similar cases against other major crypto exchanges like Binance and Coinbase .
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