A judge in California has dismissed Kraken's motion for an interlocutory appeal. The ruling on Monday stated that allowing the appeal would only "delay" the resolution of the case against the cryptocurrency exchange being reviewed by the U.S. Securities and Exchange Commission (SEC). Kraken filed the interlocutory appeal motion in September, after a judge from the U.S. District Court for the Northern District of California ruled that the SEC reasonably alleged that the cryptocurrencies sold on the Kraken platform could be considered securities under the Howey Test. The judge emphasized in the ruling that allowing the interlocutory appeal is "entirely discretionary" and concluded that the appeal would not substantially expedite the resolution of the litigation. (Coindesk)