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SEC Drops Kraken Lawsuit: A New Era of Crypto Regulation

Coin WorldMonday, Mar 3, 2025 2:47 pm ET
1min read

The U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit against Kraken, the second-largest U.S. cryptocurrency exchange by volume, without any penalties, charges, or admission of guilt. The SEC's decision comes as a significant shift in its regulatory approach towards the crypto industry.

Kraken announced that the SEC has agreed to dismiss the lawsuit "with prejudice," meaning it cannot be refiled. The exchange emphasized that there are no penalties to be paid, no changes to its business, and no admission of wrongdoing. Kraken had previously criticized the SEC's investigation, stating that it was politically motivated and meritless.

The exchange's CEO, Jesse Powell, expressed his satisfaction with the outcome, stating that Kraken looks forward to regulatory clarity from the new regime. This decision is part of a series of changes in the SEC's crypto regulatory policies, including the consolidation and creation of a new crypto task force, the Cyber and Emerging Technologies Unit (CETU).

In recent weeks, the SEC has also dropped several other high-profile investigations into prominent crypto companies, such as coinbase, Robinhood, OpenSea, and MetaMask. These developments suggest a more lenient approach to crypto regulation under the new administration.

The SEC's decision to drop the lawsuit against Kraken without any penalties or charges is a significant victory for the crypto exchange and the broader crypto industry. This move may signal a shift in the SEC's regulatory stance, potentially leading to more clarity and cooperation between the agency and the crypto sector.

Comments

Post
zeren1ty
03/03
I'm holding $COIN and some Ethereum. If SEC cools it, these might get a boost. Long-term, steady hands win.
0
cfeltus23
03/03
@zeren1ty I got $COIN too, holding steady. SEC's moves got me bullish.
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Searchingstan
03/03
@zeren1ty How long you been holding $COIN? Think it's gonna moon soon?
0
pimppapy
03/03
Crypto task force? About time regulators organized.
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THEPR0P0TAT0
03/03
@pimppapy alright
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OneTrickPony_82
03/03
New crypto task force sounds like a double-edged sword. Hope they're not just here to stir the pot.
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amanoraim
03/03
With the SEC backing down, are we seeing a new dawn for crypto-friendly regs? Fingers crossed.
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Comfortable_Corner80
03/03
Crypto world breathing easier with these dropped cases. Less heat, maybe more growth ahead.
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alvisanovari
03/03
SEC dropping cases like it's hot. Crypto's finally getting that regulatory love. Who's ready for some mainstream adoption?
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NEYO8uw11qgD0J
03/03
SEC dropping Kraken suit like a hot potato. Regulatory winds changing, maybe crypto's getting a free pass? 🤔
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Ok-Memory2809
03/03
Holding $COIN, $ETH. Regulatory clarity = better gains.
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DrMoveit
03/03
SEC's flip on crypto cases smells like political shift. New admin, new vibes, maybe new opportunities?
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Eli9105
03/03
SEC dropping lawsuits like they're hot potatoes 🤔
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Puzzleheaded-Mood544
03/03
Kraken wins, crypto gains breathing room. What's next?
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shrinkshooter
03/03
No penalties, no charges, no sweat. Kraken comes out clean. This changes the crypto game, folks.
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donutloop
03/03
Kraken dodged a bullet! No penalties, no guilt trip. Might be smooth sailing ahead for crypto.
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user74729582
03/03
More lenient SEC? Bullish for crypto adoption.
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goodpointbadpoint
03/03
Kraken's CEO Powell throwing shade at SEC's investigation. Ouch, burn! But hey, they're celebrating now. 😎
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