๐Ÿš€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.๐Ÿค”

๐Ÿ‘จโ€โš–๏ธ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.๐Ÿ“š

๐Ÿ‘€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.๐Ÿ•ต๏ธโ€โ™‚๏ธ

๐Ÿ”ฎWhat's your take? Are digital assets on Kraken securities or not? Let's hear your thoughts in the comments!๐Ÿ‘‡

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!๐Ÿฟ #DeFi #Web3 #CryptoNews