SEC to drop lawsuit against Kraken, ending a “wasteful, politically motivated campaign”

2025-3-4 21:06

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 dismiss its lawsuit against us (and many others) is more than just a legal victory — it’s a turning point for the future of crypto in the US.”

The California-based crypto exchange added that it brings to an end a “wasteful, politically motivated campaign” that has “stifled innovation and investment, and clears the path toward a stable, forward-thinking regulatory regime.”

In a post on X, Marco Santori, Kraken’s former chief legal officer, said: “We beat the SEC.”

We beat the SEC!

Congratulations to the best legal team in crypto.

Fighting – and beating – the SEC was not foretold. Lawyers, lobbyists and everyone in between… We had to earn it.

Details here: https://t.co/K35yRp6gKn https://t.co/sGPFOF4q1W

— Marco Santori (@msantoriESQ) March 3, 2025

SEC files a lawsuit

The SEC filed a lawsuit against Kraken in 2023, arguing that the platform had been operating without the proper registration.

Last August, US District Judge William Orrick denied Kraken’s motion to dismiss SEC’s lawsuit. In court documents, the judge noted that the regulator’s allegations that the crypto exchange had offered unregistered securities were plausible.

With the ending of the SEC’s lawsuit, Kraken added in its announcement: “This dismissal confirms what we’ve said all along: Regulatory actions must be based on facts, not political agendas.”

Change of direction

The move from the SEC comes amid a series of dropped lawsuits against crypto platforms. These include Coinbase, Robinhood Crypto, and Uniswap.

The change of direction at the SEC comes amid a pro-crypto approach following US President Donald Trump’s taking office in the White House. Many are now waiting to see whether the SEC’s ongoing case against Ripple will soon be concluded.

In 2020, the agency first sued Ripple, Chris Larsen, co-founder of Ripple, and Brad Garlinghouse, Ripple’s CEO, after alleging that they raised $1.3 billion through the sale of XRP, an unregistered securities offering.

The post SEC to drop lawsuit against Kraken, ending a “wasteful, politically motivated campaign” appeared first on CoinJournal.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Kraken (KRAK) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 KRAK

sec kraken lawsuit against drop motivated ending

Источник: coinjournal.net

sec kraken → Результатов: 126


Strategy adds 3,459 Bitcoin, Kraken expands to stocks and forex, SEC drops CyberKongz case | Weekly Recap

Today’s edition of the weekly recap covers Strategy’s continued Bitcoin purchases, Kraken’s expansion into traditional financial products, and another SEC investigation closure. Strategy acquires additional 3,459 Bitcoin Kraken expands to stocks and forex trading SEC closes CyberKongz investigation Healthcare firm…

2025-4-21 17:50


Kraken бросает перчатку SEC: битва за право криптовалют не считаться ценными бумагами продолжается

Комиссия по ценным бумагам и биржам (SEC) США и криптобиржа Kraken вновь скрестили шпаги в юридической битве, достойной пера Кафки. Биржа потребовала суда присяжных, чтобы защититься от обвинений регулятора в работе без регистрации.

2024-9-13 12:39


Новый глава Kraken не хочет регистрировать биржу в SEC

Новый генеральный директор Kraken Дэйв Рипли заявил, что не видит причин для регистрации торговой платформы в Комиссии по ценным бумагам и биржам США (SEC). Об этом сообщает Reuters. По его словам, Kraken не предлагает ценные бумаги своим 9 млн клиентов.

2022-9-27 08:53


Фото:

Kraken не намерена получать лицензию на торговлю ценными бумагами в SEC

Новый генеральный директор Kraken заявил, что поскольку биржа не работает с ценными бумагами, регистрация у регулятора ей не требуется. Однако, в будущем эта позиция может измениться.

2022-9-27 12:50


Фото:

Analyst: Bitcoin is headed for resistance amid FOMC bounce

Bitcoin (BTC/USD) is up 3.2% in the past 24 hours to currently trade around $21,671 and ease off lows seen on Tuesday when a number of negative news reports impacted sentiment. After hitting intraday lows of $20,780 on Tuesday amid reports of SEC investigations against crypto exchange Coinbase, and a Treasury Department probe on Kraken, […] The post Analyst: Bitcoin is headed for resistance amid FOMC bounce appeared first on Invezz.

2022-7-27 21:19


Руководство Ripple и Kraken обрушилось с критикой на действия SEC из-за претензий к Coinbase

Глава Ripple Брэд Гарлингхаус заявил, что полученное от SEC предупреждение поставило Coinbase в схожую с его компанией ситуацию. Он подчеркнул, что регулятор «продолжает войну против криптовалют», и намекнул на возможное сотрудничество двух организаций.

2021-9-9 16:53


Kraken Becomes Latest Exchange to Halt XRP Trading

Kraken announced on Jan. 15 that it would halt trading in XRP for US residents. The company made the move because of the Securities and Exchange Commission (SEC) filing against Ripple Labs. Kraken sets parameters The exchange specified that US residents would still be able to deposit, hold, and withdraw XRP after the freeze takes … Continued The post Kraken Becomes Latest Exchange to Halt XRP Trading appeared first on BeInCrypto.

2021-1-17 15:58


Биткоин-биржа Kraken закроет доступ к торговле XRP пользователям из США

Криптовалютная биржа Kraken закроет американским клиентам возможность торговли токеном XRP компании Ripple до 29 января. With the SEC filing against Ripple Labs, Kraken plans to halt XRP trading for U.

2021-1-16 09:38


Фото:

Kraken ‘Named’ in SEC Investigation, Calvin Ayre Claims as Bitcoin Cash Forks Go Live

The controversy surrounding the Bitcoin Cash (BCH) hard fork is increasingly engulfing cryptocurrency exchange Kraken as the altcoin’s proponents take aim at its treatment of its two forks. Deposits, Withdrawals And Up To 30 Confirmations After BCH split into ABC and SV forks, Kraken opted to keep the BCH ticker to describe ABC, crediting users with SV tokens while describing it as an “extremely high risk investment.

2018-11-22 20:00


Major Crypto Exchanges Kraken, BitMEX, and Binance Facing Shutdown According to New Report

Major cryptocurrency exchanges like Kraken, BitMEX, and Binance are all facing shutdowns, according to a new report posted online earlier today. “Coming exchange shutdowns” could affect Kraken, BitMEX, and Binance “as CFTC and SEC design regulatory actions”, writes Rogue Trader at The ICO Journal in a post from earlier today. The ICO Journal cites a […]

2018-9-29 22:26


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Uniswap price pops 20% to $4 amid oversold rebound

Uniswap price jumped to above $4 on Wednesday as Bitcoin retested $68,000. The UNI token could eye $5 amid an oversold bounce across crypto. If bulls fail to rally, key support lies around $3. 48 and $3.

Uniswap brings token launch auctions and price discovery to Base

CCA runs fully on-chain auctions that clear bids block by block for gradual price discovery. After auctions end, liquidity is automatically added to a Uniswap v4 pool at the final cleared price. The model aims to reduce sniping, front-running, and bundled transactions during token launches.