Montana Blasts SEC Regulatory Power Grab in Krakens Case: Crypto Assets Are Not Automatically Securities
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Montana introduced an amicus curiae in the case of the SEC vs. Kraken, a US-based crypto exchange, criticizing the regulatory power grab of the institution. Montana, supported by seven other states, affirms that crypto assets are not automatically securities and that the SECs expansive concept of investment contract might preempt state legislation. Montana and Seven [] Source: Bitcoin.com
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