TechFlow news — Fox News reporter Eleanor Terrett posted on social media that during the hearing on Kraken's motion to dismiss against the U.S. SEC, the SEC maintained its "ecosystem" argument to suggest that digital asset purchasers are "buying something."
SEC lawyers urged Judge Orrick to consider not just contracts, but the overall "economic reality," such as promotional materials and statements by issuers; he referenced Kraken’s website, which mentioned an "ecosystem."




