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

AltcoinsBitcoinCrypto News 1 Doug Martinez August 25, 2024

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

US Court Denies Kraken's Motion to Dismiss SEC Crypto Securities Lawsuit
https://news.bitcoin.com/us-court-denies-krakens-motion-to-dismiss-sec-crypto-securities-lawsuit
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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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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