Golden Finance reported that Fox Business reporter Eleanor Terrett posted on the X platform that Kraken made an oral argument on the SEC's motion to dismiss. In addition to Kraken operating as an unregistered exchange and broker, the SEC also claimed that 11 tokens including SOL, ADA and ALGO are securities. Remember, the SEC has already assigned commodity status to BTC and ETH by approving spot ETFs, although Gary Gensler has not yet publicly stated the status of ETH. Bitcoin and Ethereum are arguably the two largest "ecosystems" behind them.