Kraken Is Latest Crypto Firm to Say SEC Agrees to Drop Lawsuit
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Kraken said the US Securities and Exchange Commission has agreed in principle to drop its lawsuit against the cryptocurrency exchange, the latest in a series of dismissals of legal actions against crypto companies by the market regulator.
There will be no admission of wrongdoing, no penalties paid and no changes to the business, Kraken said in a blog post Monday. A spokesperson for the SEC declined to comment.