Tuesday July 8, 2025

US Court Denies Kraken’s Motion to Dismiss SEC Crypto Securities Lawsuit

US Court Denies Kraken’s Motion to Dismiss SEC Crypto Securities Lawsuit

by Kevin Helms August 25, 2024 1 min read

(Originally posted on : Bitcoin News )

The U.S. District Court for the Northern District of California has denied Kraken’s motion to dismiss a lawsuit by the U.S. Securities and Exchange Commission (SEC). The court determined that the SEC “has plausibly alleged” that certain crypto tokens traded on the Kraken exchange could be considered securities, thereby allowing the case to proceed. Kraken’s […]

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