News Update: Fox Business reporter Eleanor Terrett posted on X platform that at 10 am Eastern Time on Thursday morning, Kraken and the SEC had an oral debate regarding the motion to dismiss its enforcement action. In addition to operating as an unregistered exchange and broker-dealer, the SEC also claims that 11 tokens, including SOL, ADA, and ALGO, are securities. Lawyers are focused on whether the SEC’s attorneys used the same wording as in their MTD hearing at Coinbase, where the token’s so-called “ecosystem” triggered the Howey test, making it a security. [img] Tags: Kraken, SEC, securities Source link: https://x.com/EleanorTerrett/status/1803795295156769145 Note: All articles on Bitpush.news represent the author’s views and do not constitute investment advice. Original article link: https://www.bitpush.news/articles/6894874 Related news: Follow-up on LUNA scandal: Secret transactions between the Prime Minister of Montenegro and Do Kwon CertiK “confronts” Kraken: What is the appropriate scale for white-hat hackers? FIT21: Regulating the cryptocurrency industry is like herding dragons Bitcoin fluctuates repeatedly, with four main influences shaping the market US elections: Will the MEME theme continue in 2024?
Kraken and SEC Engage in Oral Debate as Motion to Dismiss Enforcement Action Gets Rejected
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Kraken and SEC Engage in Oral Debate as Motion to Dismiss Enforcement Action Gets Rejected