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BREAKING: KRACKEN JUST GOT PWND BY THE MAN – Supreme Court Ruling DOOMS Cryptocurrency Forever

A cartoon kraken is shown with its tentacles wrapped around several cryptocurrency logos (ADA, ALGO, ATOM, FIL, FLOW, ICP, MANA, MATIC, NEAR, OMG, SOL) as a judge's gavel comes crashing down in the background. The scene suggests that Kraken has been 'pwnd' by the SEC and is being held accountable for its actions.

One of these things is going to be a security… eventually.

Source: bitcoin.com

The U.S. District Court for the Northern District of California has denied Kraken’s motion to dismiss a lawsuit by the U.S. Securities and Exchange Commission (SEC). The court determined that the SEC “has plausibly alleged” that certain crypto tokens traded on the Kraken exchange could be considered securities, thereby allowing the case to proceed. The United States District Court for the Northern District of California has denied a motion to […]

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