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.