TechFlow news — On November 7, according to CoinGape, the U.S. Securities and Exchange Commission (SEC) filed a motion for summary judgment against cryptocurrency exchange Kraken, focusing on challenging Kraken's defenses of "fair notice" and the "major questions doctrine."
The motion, led by the team of SEC Chair Gary Gensler, aims to limit further scrutiny of the SEC's crypto regulatory policies. The SEC is seeking dismissal of Kraken’s defenses, under which "fair notice" argues that Kraken did not receive adequate regulatory guidance, while the "major questions doctrine" asserts that regulatory agencies should not make significant policy decisions without clear direction from Congress.
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