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SEC Plans to Drop Its Case Against Kraken, Firm Says

Summary by Coin Desk

The U.S. Securities and Exchange Commission (SEC) has agreed to drop its ongoing enforcement lawsuit against American crypto exchange Kraken, according to a Monday announcement from the firm.The SEC sued Kraken in November 2023, accusing the exchange of commingling customer and corporate funds while operating as an unregistered securities broker, clearing agency and dealer. Instead of settling with the SEC, Kraken chose to fight the charges, and…

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Coin Desk

SEC Plans to Drop Its Case Against Kraken, Firm Says

20 hours ago·Manila, Philippines

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CryptoPanic

Big News: Kraken Lawsuit Dismissed by SEC, Ripple Still Stands in Legal Crosshairs

The post Big News: Kraken Lawsuit Dismissed by SEC, Ripple Still Stands in Legal Crosshairs appeared first on Coinpedia Fintech News Kraken has announced that the U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit against the crypto exchange with prejudice. The SEC’s...

6 hours ago

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GlobalNewsIt

SEC to drop lawsuit against Kraken, ending a "wasteful, politically motivated campaign" – #CryptoUpdatesGNIT

The SEC filed a lawsuit against Kraken in 2023 The agency argued that the platform was operating without conducting the proper registration Kraken said the SEC’s decision was a “turning point for the future of crypto in the US” The US Securities and Exchange Commission (SEC) has agreed to drop its lawsuit against Kraken, according to an announcement from the exchange. In a post published on Monday, March 3, Kraken said: “The SEC’s decision to di…

10 hours ago

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Cointelegraph

Yuga Labs says SEC has dropped its investigation into the NFT firm

Yuga Labs said the SEC has dropped its probe into the NFT conglomerate, which the agency first launched in late 2022.

13 hours ago

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Business Times

Kraken says US SEC to dismiss lawsuit against the cryptocurrency exchange

KRAKEN, one of the world’s largest cryptocurrency exchanges, said on Monday (Mar 3) that the US Securities and Exchange Commission (SEC) agreed in principle to dismiss a civil lawsuit accusing it of operating illegally as an unregistered securities exchange.

13 hours ago

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The Defiant

SEC To Drop Lawsuit Against Kraken As War on Crypto Collapses

The Securities and Exchange Commission’s (SEC) agreed to dismiss its lawsuit against crypto exchange Kraken has ended. The agency will drop all charges against the exchange with no admission of wrongdoing, penalties paid, or changes to its business, Kraken said in a March 3 statement.The move follows several other dismissals for major crypto businesses, including Coinbase, Robinhood, OpenSea, Gemini, and Uniswap Labs, as the SEC takes a more pro…

14 hours ago

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