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SEC Dismisses Crypto Lawsuits: Kraken, ConsenSys and Cumberland

  • The U.S. Securities and Exchange Commission (SEC) has dismissed enforcement actions against Kraken, ConsenSys, and Cumberland DRW LLC.
  • The dismissals indicate a major regulatory shift and are part of the SEC's overall crypto strategy.
  • The termination does not affect other cases under consideration and does not reflect on the merits of the claims.
  • The SEC also dropped its investigation of Crypto.com, taking no action.

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