The SEC has filed a motion for judgment against Kraken, questioning key defenses

According to ChainCatcher, as reported by CoinGape, the U.S. Securities and Exchange Commission (SEC) has submitted a motion for judgment against the cryptocurrency exchange Kraken, focusing on questioning Kraken's defenses of "fair notice" and "major questions doctrine."

This motion was initiated by a team led by SEC Chairman Gary Gensler, aiming to reduce the in-depth scrutiny of its regulatory policies, particularly those related to the cryptocurrency industry. The timing of the motion has drawn attention from the industry, with some insiders believing it is a strategic move by the SEC to avoid excessive examination of its regulatory approach.