By Anthony • March 4, 2025 11:10 am •
Kraken, which is considered one of the largest cryptocurrency exchanges, shared that the U.S. Securities and Exchange Commission has agreed in “principle” to dismiss a civil lawsuit against teh company.
The SEC’s lawsuit, filed under the Biden administration, claimed Kraken was operating illegally as an unregistered securities exchange.
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Kraken, in a statement, shared that the lawsuit was a “wasteful, politically motivated campaign” by the Biden admin.
The cryptocurrency exchange added, “We appreciate the new leadership both at the White House and the Commission that led to this change.”
JUST IN: 🇺🇸 SEC drops lawsuit against Kraken. pic.twitter.com/PY1BjMk1GU
— Bitcoin Magazine (@BitcoinMagazine) March 3, 2025
🚨 BREAKING: Kraken has announced that the SEC has agreed
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