The SEC initially sued Kraken in November 2023, alleging it operated as an unregistered securities exchange, broker, dealer, and clearing agency. SEC Chairman Gary Gensler

A California federal judge has rejected Kraken’s attempt to appeal a decision allowing the SEC lawsuit against the crypto exchange to move forward.

A California judge has rejected Kraken’s motion for interlocutory appeal, saying in a Monday decision that allowing an appeal would only “delay resolution” of the U.S. Securities and Exchange Commission’s (SEC) ongoing case against the crypto exchange.

Judge William Orrick of a California district court rejected Kraken’s motion to appeal his judgment in its case with the US SEC.

A California federal judge has rejected a bid by crypto exchange Kraken to appeal his decision to let the company’s lawsuit with the US Securities and Exchange C (SEC) proceed. In a Nov. 18 order, Judge William Orrick dismissed Kraken’s motion for an interlocutory appeal.