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Securities and Exchange Commission (SEC) Drops Crypto Cases in Major Regulatory Shift

  • The SEC has dismissed enforcement actions against Kraken, ConsenSys, and Cumberland DRW, signaling a major shift in crypto regulation.
  • The cases were dropped with prejudice, ensuring they cannot be reopened, while the SEC also closed its case against Crypto.com.
  • Acting SEC Chairman Mark T. Uyeda emphasized the agency’s evolving approach but clarified that this does not set a precedent for future cases.
  • The dismissals are among a series of reversals under the Trump administration’s evolving approach to crypto regulation.

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