Nimetullah Atik
@nimetullahatik
🇺🇸 LATEST: Judge rejects Kraken’s bid to challenge decision in SEC case Judge William Orrick wrote in a Nov. 18 order dismissing Kraken’s motion for interlocutory appeal that he found the SEC had “adequately alleged” that crypto traded and sold on Kraken were investment contracts under the Howey test and subject to securities laws. “Fundamentally, I do not believe that certification will materially advance the ultimate termination of the litigation,” he wrote. “While the SEC has plausibly alleged its theory of securities violations against Kraken, only discovery will establish whether the sales, trades, and exchanges on Kraken truly met all the Howey elements.”
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