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SEC Dismisses Kraken Lawsuit as Exchange Resumes On-Chain Staking for US Users

  • The US Securities and Exchange Commission (SEC) has agreed to dismiss the civil lawsuit against Kraken, a cryptocurrency exchange.
  • Kraken will resume on-chain staking services for American customers.
  • The lawsuit dismissal is with prejudice, meaning it cannot be refiled, and comes without any admission of wrongdoing or changes to Kraken's operations.
  • Kraken credits the reversal to the new leadership at the White House and the SEC, and states that this is a turning point for the US cryptocurrency sector.

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