⚡️ Important news from the world of cryptocurrency! ⚡️

- A California judge has denied Kraken’s motion to dismiss an SEC lawsuit, arguing that some transactions on the Kraken platform could be considered investment contracts.

- The SEC’s lawsuit claims that cryptocurrencies such as Cardano (ADA), Polygon (MATIC), and Solana (SOL) fall under federal securities laws.

- The ruling comes nearly four months after Kraken filed a motion to dismiss the lawsuit.

- Despite this, the crypto community continues to actively discuss and analyze the actions of the SEC under the leadership of Gary Gensler, accusing the agency of lacking clear policies and guidelines for the industry.

💬 Share your thoughts in the comments! What do you think is next for the crypto market?