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SEC to drop lawsuit against Kraken, ending a “wasteful, politically motivated campaign”

  • The US Securities and Exchange Commission (SEC) has agreed to drop its lawsuit against Kraken.
  • Kraken sees this as a turning point for the future of crypto in the US and a victory against a wasteful, politically motivated campaign.
  • The SEC filed a lawsuit against Kraken in 2023, claiming the platform operated without the proper registration.
  • This dismissal confirms Kraken's belief that regulatory actions should be based on facts rather than political agendas.

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