- The SEC has officially dropped its lawsuit against Kraken, marking another step in its policy shift.
- Under the Trump administration, the SEC has reversed course on crypto regulation, dropping multiple lawsuits.
- Ripple could be next in line for a dismissed lawsuit, potentially reshaping the future of XRP and the crypto market.
In a major shift for the U.S. Securities and Exchange Commission (SEC), the agency is officially set to drop its lawsuit against the Kraken cryptocurrency exchange. Kraken, calling the move a “win for fairness,” confirmed that a dismissal agreement had been reached between both parties.
This marks yet another withdrawn lawsuit or investigation in what has become a pattern for the SEC. Since late February, the agency has backed off legal actions against Uniswap and Coinbase. Additionally, it has dropped probes into Robinhood and Consensys, signaling a broader change in regulatory strategy.
SEC Drops Kraken Lawsuit as Crypto Policy Shift Gains Momentum
With the Trump administration’s return, a significant cryptocurrency policy overhaul has taken shape. The SEC, now led by acting chair Mark Uyeda, has worked to reverse numerous decisions from the previous administration. Furthermore, with discussions of a U.S. crypto reserve gaining traction, it’s clear the country is moving toward greater integration of digital assets.
The agency’s latest move came Monday when it officially dropped its lawsuit against Kraken. The exchange issued a statement emphasizing that the dismissal came with “no admission of wrongdoing, no penalties paid, and no changes to our business.”
SEC’s Policy Reversal Continues
“The SEC’s decision to dismiss its lawsuit against us and others is more than just a legal victory—it’s a turning point for the future of crypto in the U.S.,” Kraken stated. Additionally, the platform criticized what it called a “wasteful, politically motivated campaign” from the previous SEC leadership.
This trend of dismissing cases is expected to continue. Many speculate that Ripple could be next in line, given its prolonged legal battle with the SEC. A dismissed lawsuit in Ripple’s case would be a game-changer for XRP and the broader crypto industry.
