Cryptocurrency exchange Kraken says US SEC will dismiss lawsuit
Business
NEW YORK :Cryptocurrency exchange Kraken said on Monday that the U.S. Securities and Exchange Commission had agreed in principle to dismiss a civil lawsuit accusing it of illegally operating as an unregistered securities exchange. In a statement on its blog, Kraken said the dismissal is with prejudice, with no admission of wrongdoing, no penalties paid and no changes to its business. The SEC declined to comment. Kraken was sued in November 2023, as part of former SEC Chair Gary Gensler's push
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