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The SEC had also agreed to drop its litigation against Coinbase on February 21, 2025, officially dismissing the case a week later

The staff of the U.S. Securities and Exchange Commission agreed in principle to drop its lawsuit against Kraken, with the dismissal coming without any admission of wrongdoing, penalties, or changes to Kraken’s business model

The SEC sued Kraken in November 2023 for alleged securities law violations, claiming the exchange operated as an unregistered online trading platform

Kraken described the SEC’s decision to dismiss its lawsuit as a turning point for crypto in the U.S., arguing that it ends a politically motivated campaign and clears the way for a more stable regulatory framework

The SEC initially sued Kraken over securities law violations, accusing it of operating as an unregistered trading platform and mishandling customer funds

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SEC agrees to drop case against Kraken

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