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Sujit Kumar
Mar 4, 2025
by Sujit Kumar

Kraken Scores Big: SEC Dismisses Lawsuit With Prejudice

Kraken Scores Big

Table of contents

  1. A Turning Point for U.S. Crypto Regulation
  2. Shifting Regulatory Approach
Kraken has announced a significant breakthrough as the U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit with prejudice. This decisive action means that Kraken will face no penalties, no changes to its business operations, and no admission of wrongdoing. The case, initially filed in November 2023 for allegedly mishandling customer funds and operating as an unregistered securities broker, was set to proceed to trial after a federal judge ruled the SEC’s case plausible. However, following an agreement with Kraken, the SEC has now dropped the charges, pending final approval from its Commissioners.

A Turning Point for U.S. Crypto Regulation

Kraken hailed this development as a monumental step for the crypto industry. The exchange described the dismissal as more than just a legal victory—it marks a turning point in U.S. crypto regulation by ending what many viewed as a politically motivated campaign. Kraken emphasized that this move lifts a long-standing cloud of uncertainty that has hindered innovation and investment in the digital asset sector. It also reflects a broader trend, as the SEC has recently closed probes against other major crypto players such as OpenSea, Gemini, and Robinhood, although investigations into entities like Ripple continue.

Shifting Regulatory Approach

This victory comes as the SEC, under new leadership, is moving away from the aggressive enforcement tactics seen during former SEC Chair Gary Gensler’s tenure. The new regulatory stance focuses on developing clear and fair guidelines rather than relying solely on enforcement. This change is expected to create a more supportive environment for crypto businesses, allowing companies like Kraken to thrive without the constant threat of arbitrary legal actions.

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Kraken Scores Big
Kraken Scores Big: SEC Dismisses Lawsuit With Prejudice
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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