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SEC Drops Cases Against Kraken, Consensys, and Cumberland DRW, Clearing Path for Regulatory Reform

  • The SEC has dropped cases against Kraken, Consensys, and Cumberland DRW, clearing the path for regulatory reform.
  • The cases were dismissed with prejudice, indicating they cannot be revived in court.
  • The decision to drop the cases is part of the SEC’s efforts to update its regulatory approach to the cryptocurrency industry.
  • The dismissals do not reflect the SEC's stance on other ongoing cases.

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