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SEC Dismisses Kraken Lawsuit as Exchange Resumes On-Chain Staking for US Users
Cryptocurrency exchange Kraken announced on Monday (today) that the US Securities and Exchange Commission (SEC) had agreed in principle to dismiss a civil lawsuit accusing it of operating as an unregistered securities exchange. The SEC’s decision follows a shift in the regulatory environment for cryptocurrency in the US Kraken is now moving to capitalize on this change. The company has reintroduced on-chain staking services for American customers. This follows a suspension of staking in 2023 due to regulatory pressures. Kraken Lawsuit Dropped, SEC Adjusts StanceKraken confirmed that the lawsuit dismissal is with prejudice, meaning it cannot be refiled. The company stressed that the dismissal comes without any admission of wrongdoing, no penalties, and no changes to its operations, as reported by Reuters.
Cryptocurrency exchange Kraken announced on Monday (today) that the US Securities and Exchange Commission (SEC) had agreed in principle to dismiss a civil lawsuit accusing it of operating as an unregistered securities exchange.
The SEC’s decision follows a shift in the regulatory environment for cryptocurrency in the US Kraken is now moving to capitalize on this change. The company has reintroduced on-chain staking services for American customers. This follows a suspension of staking in 2023 due to regulatory pressures.
Kraken Lawsuit Dropped, SEC Adjusts Stance
Kraken confirmed that the lawsuit dismissal is with prejudice, meaning it cannot be refiled. The company stressed that the dismissal comes without any admission of wrongdoing, no penalties, and no changes to its operations, as reported by Reuters.
