Fox Business reporter Eleanor Terrett posted on the X platform that Kraken held oral arguments against the SEC's motion to dismiss. In addition to Kraken operating as an unregistered exchange and broker, the SEC also claims that 11 tokens, including SOL, ADA, and ALGO, are securities. Keep in mind that the SEC has already assigned commodity status to BTC and ETH by approving spot ETFs, although Gary Gensler has not publicly stated ETH's status. Bitcoin and Ethereum are arguably the two largest "ecosystems" behind them.