Kraken has released a statement saying the SEC agency has agreed in principle to drop a lawsuit with no penalties to be paid and no admission of wrongdoing.

Quotes that support claims

"According to Kraken, the lawsuit is being dismissed with prejudice, with no admission of wrongdoing, no penalties paid, and no changes to Kraken’s business."

"The agreement to dismiss the lawsuit comes without admission of wrongdoing, penalties paid or alterations to Kraken's business model, the company wrote in a Monday release."

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