Wu Blockchain (@WuBlockchain): Marco Santori, Kraken's chief legal officer, said: the Court in Kraken's case made the same distinction as in the Ripple case: A token isn't a securit…
Estimated coin impact
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Marco Santori, Kraken's chief legal officer, said: the Court in Kraken's case made the same distinction as in the Ripple case: A token isn't a security, but agreements around a token could be. The SEC unqualifiedly lost on this “tokens are securities” theory, and will not be… twitter.com/WuBlockchain/s… Quote [@WuBlockchain](https://www.twitter.com/WuBlockchain/status/1827157810981044688) > William H. Orrick, a federal court judge in the United States, dismissed Kraken's motion. The judge stated that the SEC reasonably claimed that some cryptocurrency transactions on the Kraken constituted investment contracts and therefore were securities and subject to securities…