A California court rejected Kraken's attempt to challenge the ruling that allows the SEC lawsuit to proceed. Judge Orrick noted that the SEC had sufficiently proven that cryptocurrencies on Kraken are investment contracts subject to securities laws regulation. Kraken argued that the application of these laws needs clarification by higher courts, but the judge disagreed.
11/19/2024 11:43:01 AM (GMT+1)
A California court rejected Kraken's attempt to challenge the ruling in the SEC case, stating that the cryptocurrencies on the exchange are investment contracts 💼
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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