The U.S. SEC, on Thursday, dismissed enforcement action against three crypto companies, filing a joint stipulation to dismiss the cases with prejudice, which made the decisions final.
Kraken, ConsenSys, The following are some examples of how to get started: Cumberland DRW LLC all saw their respective lawsuits terminated simultaneously, marking the latest reversal in the agency's regulatory approach toward digital assets.
Crypto.com has been officially cleared by the regulator.
ConsenSys, one of the 22 investors in a Decrypt editorially independent company.
They are part and parcel of the broader shift in crypto regulation that has been implemented by Trump Administration, after several years. similar ends Uniswap Labs (Uniswap), OpenSea, Coinbase and Robinhood are all involved in the cases.
The spokesman said: Statement following the dismissal of civil enforcement action against Coinbase, acting SEC Chairman Mark T. Uyeda said these decisions were part of the agency's "ongoing efforts" to "rectify its approach” and develop crypto policy in a “more transparent manner."
Notably, the SEC emphasized that these dismissals do not "necessarily reflect the Commission's position on any other case."
The decision ends a "wasteful, politically motivated campaign," Kraken said in a Statement When the decision for their case was received by the regulator.
Kraken further characterized the SEC's move as something that lifted "uncertainty" over what could have "stifled innovation and investment."
Later, the exchange provider will be able to provide you with more information. revealed Its prospects for going public could make it the second cryptocurrency firm after Coinbase to go public.
This resolution brings an end to a turbulent period in the industry. All three firms had been accused of serious crimes under previous legislation. Gensler regime.
Kraken, a securities exchange, broker and dealer that is not registered, was accused of operating an illegal clearing agency, in November 2023.
ConsenSys was accused in June 2024 that it illegally offered securities via its MetaMask Staking Service.
Cumberland DRW was sued by a Chicago-based firm in October 2024, for allegedly operating as an unregistered broker and handling more than $2 billion worth of crypto assets.
In the interim chairman Uyeda’s leadership, SEC has Establishing a Task Force Consider a way to actively engage in the process Get involved with the crypto-industry, signaling a departure from the previous administration's enforcement-focused approach.
Sebastian Sinclair edited the book
