The recent development in the SEC vs. Kraken case has sparked a debate within the crypto community.
Kraken’s Chief Legal Officer Marco Santori had shared a post on X outlining the Federal Court for the Northern District of California’s citing tokens traded on Kraken do not qualify as securities.
Industry leaders, including Ripple’s Chief Legal Officer, reacted to the decision. However, the news was not enough to spark a rally in XRP prices, which continued to struggle in breaking key levels.
