From Nasdaq.:

Crypto exchange Kraken files motion to dismiss SEC lawsuit, arguing lack of alleged fraud or harm. Lawsuits against Coinbase, Binance.US also in focus, questioning SEC oversight in the crypto industry. Kraken’s arguments similar to Coinbase and Binance.US, potential Supreme Court involvement. District judges across different courts may lead to prolonged appeals process.

US judge holds hearings in cases against Alex Mashinsky and Sam Bankman-Fried, confirm legal representation. Financial Stability Oversight Council meets in closed session. Binance’s $43 billion plea deal approved, sentencing hearing for former CEO rescheduled. Air Canada must honor refund policy created by AI chatbot, United Airlines passenger posts photos of aircraft wing issues. Lawsuit alleges Deltec Bank provided line of credit to Alameda Research for Tether support. Contact author for feedback or suggestions for future content.



Read more at Nasdaq.: Looking at Kraken’s Motion to Dismiss an SEC Lawsuit