Kraken Says SEC Agrees to Drop Lawsuit Against Crypto Exchange
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The Securities and Exchange Commission has agreed to drop a lawsuit against Kraken that sought to regulate the cryptocurrency company as a stock exchange, the company said. The move is the latest sign that regulators are shifting toward a softer stance on crypto enforcement under the Trump administration. The SEC sued Kraken in November 2023, alleging that the company acted simultaneously as a broker, dealer, exchange and clearing agency without registering with the agency.
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