Test

<ul class="wp-block-list news-points">
 <li>A California judge rejects Kraken’s motion for an interlocutory appeal in the SEC lawsuit.</li>
 <li>Judge William Orrick states that certifying the appeal will only delay the case’s resolution.</li>
 <li>The judge highlights the plausibility of the SEC’s argument that Kraken’s assets qualify as securities.</li>
</ul>
In the SEC-Kraken lawsuit, Judge William Orrick rejected the exchange’s motion for an interlocutory appeal. The judge stated that the appeal would only delay the resolution of the ongoing lawsuit brought in by the Securities and Exchange Commission.
The case began in November 2023 when the <a href="https://www.sec.gov/newsroom/press-releases/2023-237" target="_blank" rel="noopener noreferrer nofollow">SEC sued Kraken</a> for allegedly operating as an “unregistered securities exchange, broker, dealer, and clearing agency.” The lawsuit accused Kraken of raking in hundreds of millions of dollars since September 2018 by illegally facilitating the trade of crypto asset securities.
<h2 class="wp-block-heading" id="h-kraken-s-arguments">Kraken’s Arguments</h2>
The lawsuit has moved through various phases, including the judge’s rejection of Kraken’s motion to dismiss the lawsuit. In September 2024, Kraken argued against the SEC’s allegations of breaching securities laws. The exchange argued that the cryptocurrencies do not qualify a…
The post <a href="https://coinedition.com/sec-v-kraken-interlocutory-appeal-denied-howey-test-to-determine-fate/" rel="noopener noreferrer nofollow">SEC v. Kraken: Interlocutory Appeal Denied, Howey Test to Determine Fate</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

SEC v. Kraken: Interlocutory Appeal Denied, Howey Test to Determine Fate

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