{"id":136297,"date":"2024-08-27T19:00:45","date_gmt":"2024-08-27T16:00:45","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136297"},"modified":"2024-08-27T16:01:18","modified_gmt":"2024-08-27T13:01:18","slug":"kraken-confident-in-legal-victory-against-sec-over-token-listings","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/kraken-confident-in-legal-victory-against-sec-over-token-listings\/","title":{"rendered":"Kraken Confident in Legal Victory Against SEC Over Token Listings"},"content":{"rendered":"<p>Recently, U.S. District Judge William H. Orrick <strong><a href=\"https:\/\/x.com\/msantoriESQ\/status\/1827062758262894920\" target=\"_blank\" rel=\"nofollow\">denied<\/a><\/strong> Kraken\u2019s motion to dismiss the SEC\u2019s lawsuit, which accuses the exchange of violating securities regulations by listing coins like Cardano (<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/cardano\/\">ADA<\/a><\/strong>), Algorand (<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/algorand\/\">ALGO<\/a><\/strong>), and Solana (<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/solana\/\">SOL<\/a><\/strong>) as securities.<\/p>\n<p>Despite this setback, Kraken\u2019s chief legal officer, Marco Santori, is confident that the case will ultimately be resolved in their favor. He argues that the court\u2019s ruling indicates that the SEC cannot simply categorize all listed tokens as securities without meeting specific criteria.<\/p>\n<p>Santori highlights that the SEC will now have to prove, on a case-by-case basis, that each transaction on Kraken meets the Howey test\u2014 a standard used to determine whether an investment is a security.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/here-is-when-russia-will-begin-testing-crypto-exchanges-and-payments\/\" title=\"Here is When Russia Will Begin Testing Crypto Exchanges and Payments\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/coin_crypto-russia-big-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Here is When Russia Will Begin Testing Crypto Exchanges and Payments<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>He asserts that the SEC will face difficulties meeting this standard and is eager to demonstrate this during the discovery phase of the trial.<\/p>\n<p>Additionally, Santori calls for U.S. lawmakers to enact clear regulatory guidelines for the crypto industry. He believes that comprehensive legislation is crucial for protecting consumers and promoting innovation in blockchain technology.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kraken remains optimistic about its chances in the ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC).<\/p>\n","protected":false},"author":3,"featured_media":33520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-136297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kraken Confident in Legal Victory Against SEC Over Token Listings<\/title>\n<meta name=\"description\" content=\"Kraken remains optimistic 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