Payward And The Secondary Crypto Transaction Confusion

By Lewis Cohen, Sarah Chen and Sam Enzer ( September 30, 2024, 5:26 PM EDT) -- On Aug. 23, the U.S. District Court for the Northern District of California denied the defendants' prediscovery motion to dismiss the U.S. Securities and Exchange Commission's complaint against Payward Inc. and operators of the Kraken crypto trading platform, accusing the defendants of violating the Exchange Act by operating an unregistered securities exchange, broker-dealer and clearing agency.[1]...

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