The SEC has decided to dismiss its lawsuit against Kraken with prejudice, indicating a possible change in its approach to crypto regulation and a retreat from aggressive enforcement actions.
The US Securities and Exchange Commission (SEC) recently agreed to drop its case against Kraken, ensuring it cannot be filed again in the future.
Kraken confirmed that the lawsuit was dismissed without any admission of wrongdoing, fines, or modifications to its business practices.
Kraken views the SEC’s decision as a significant breakthrough for the crypto industry in the United States, suggesting that it marks the end of a politically motivated crackdown that has hindered innovation and investment. The exchange expressed hope for a more stable regulatory environment in the future.
