🚀Kraken & SEC are playing a high-stakes game of "Are they or aren't they?" in court, debating if digital assets on Kraken are securities. Judge Orrick is leaning towards a "maybe" but hasn't made up his mind yet.🤔

👨‍⚖️Kraken's lawyer, Solomon, insists their case is unique, comparing it to Ripple Labs & Coinbase. SEC, on the other hand, sees Kraken as a crypto "ecosystem" selling tokens as investment contracts, hence securities under Howey test.📚

👀Judge Orrick didn't rule on Kraken's motion to dismiss but hinted he might not. If the case proceeds, he thinks a year should be enough for discovery.🕵️‍♂️

🔮What's your take? Are digital assets on Kraken securities or not? Let's hear your thoughts in the comments!👇

P.S. Ether wasn't mentioned in the SEC v. Kraken case, but it's been a hot topic in other crypto firms' legal battles with SEC. Stay tuned for more updates!🍿 #DeFi #Web3 #CryptoNews