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SEC Drops the Case Against Kraken

  • SEC dropped the case against Kraken, which began in November 2023, and the dismissing occurred with prejudice, so can’t be re-filed.
  • The termination with prejudice means that the case is closed permanently and cannot be reopened on the same grounds.
  • The SEC's decision to dismiss the case is part of its ongoing efforts to reform and renew its regulatory approach to the crypto industry.
  • This move by the SEC indicates a reversal of cryptocurrencies, prioritizing the closure of cases they don't want to allocate resources to.

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