Judge in SEC v. Kraken case suggests he will deny motion to dismiss
In their motion to dismiss, Kraken’s lawyers disputed the legal theory that the exchange was an “ecosystem” for crypto asset securities.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
In their motion to dismiss, Kraken’s lawyers disputed the legal theory that the exchange was an “ecosystem” for crypto asset securities.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
SEC Drops MetaMask Case Against ConsenSys With No Fine or Wrongdoing
The SEC has closed its enforcement investigation into ConsenSys over MetaMask Swaps and MetaMask Staking, with no fine and no admi...
Judge Who Ruled XRP Not a Security in Ripple Case Hands Kalshi ‘A Major, Major Loss’ in New York
Judge Analisa Torres, best known for the SEC v. Ripple ruling, has denied Kalshi’s bid for a preliminary injunction against New Yo...
Kraken Seeks Final Judgment After $22 Million Award Against Former Auditor
Bitcoin Magazine Kraken Seeks Final Judgment After $22 Million Award Against Former Auditor Payward, the parent company of the cry...
Russia’s legal crypto on-ramp to arrive with a state-owned bank holding the keys
Sberbank’s December crypto wallet plan could show how far Russia is willing to bring crypto activity inside the banking system, an...
Uniswap’s Wells Notice Response Sharpens The DeFi Industry’s Legal Counterattack
Uniswap is not just defending itself. It is defending a version of what DeFi is supposed to be. That is the real significance of i...
Stripe’s Solana Stablecoin Push Brings Another Real Payments Use Case Into View
Stablecoins keep inching closer to the part of crypto that matters most in the long run: actual usage. Stripe’s move to support me...