Kraken vs SEC Lawsuit: Judge Denies Appeal, Case Moves Forward

Quick Summary:

Judge William Orrick ruled on Nov.18 that Kraken’s motion for interlocutory appeal would only delay litigation without advancing its resolution.

The SEC’s lawsuit, filed in November 2023, accuses Kraken of failing to register as an exchange, broker, dealer, or clearing agency.

In September, Kraken sought permission to appeal the August ruling that denied its motion to dismiss the SEC case.

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Article Details

Author / Journalist: Qadir AK

Category: Crypto

Markets: United States

Topics: News Crypto Regulations

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 07:42:08 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 391 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23692842

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