SEC rejects Kraken’s suit where Exchang Staking is resuming on the series of American users-Tradingview News
Cryptocurrency Exchang Kaken announced on Monday (today) that the American Securities and Stock Exchange Committee (SEC) agreed in principle to reject the civil lawsuit accusing it of work, exchanges of unregistered securities.
SEC resolution follows a shift in the organizational environment of the cryptocurrency in Kraken in the United States, now moves to take advantage of this change. The company has re -provided services in the series for American clients.
Kraken’s lawsuit, SEC, decreased the situation
Kraken emphasized that rejecting the lawsuit with bias, which means that it cannot be renovated. The company confirmed that the separation comes without any confession of error, lack of penalties, and there are no changes to its operations, as Reuters said.
🚨 Breaking: Kraken announced that SEC has agreed to drop a lawsuit against the exchange of cryptocurrencies. pic.twitter.com/9uocldhedc
The lawsuit, which was filed in November 2023, was part of the former Gary Gensler’s initiative to bring more encrypted currency activities under SEC.
However, with the changes in the American leadership, especially after President Donald Trump’s second term and the appointment of Paul Attins, a lawyer for digital assets, the Securities and Stock Exchange Authority amended its approach to organizing the encrypted currency.
Kraken called the chapter “a turning point” for the United States encrypted currency sector. The stock market described the lawsuit as political motives, on the pretext that it hindered innovation and investment. Kraken also thanked the “New Leadership” in both the White House and SEC for its role in reflection.
Krakeen resumes the STAKING services for us
Kraken re -provided Staking services to the series for American customers, almost a year after settling with SEC in February 2023, as mentioned by the financing pieces.
The Exchange Now Taking is presented by Krakeen Pro in 39 states and territories, with 17 of available assets, including ETHEREUM (ETH) and Solana (Sol). This step follows a broader shift in the American organizational scene, as the strict encryption policies of the previous administration have eased, allowing KAKEN and others to resume services as soon as they are reduced.
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