Kraken, a cryptocurrency exchange, finds itself once again in the regulatory crosshairs as the U.S. Securities and Exchange Commission (SEC) initiates a fresh lawsuit, designating Cardano (ADA) and Solana (SOL), among other cryptocurrencies, as securities. This development aligns with an overarching trend of regulatory actions targeting major exchanges and classifying diverse digital assets as securities, echoing recent legal actions against Binance and Coinbase. The SEC’s legal action against Kraken signals an expanding regulatory focus, extending beyond exchanges to specific cryptocurrencies. Notably, Cardano (ADA) and Solana (SOL) are now categorized as securities according to the SEC’s latest lawsuit.