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SEC officially drops cases against Kraken, Consensys, and Cumberland
In a sweeping reversal, the U.S. Securities and Exchange Commission (SEC) has officially dismissed three high-profile enforcement actions targeting crypto firms Kraken, Consensys Software Inc., and Cumberland DRW LLC. The Commission filed joint stipulations to dismiss all three cases with prejudice on March 27, meaning they cannot be refiled. The move does not reflect the merits of the SEC’s claims, the agency said in its official statements. Instead, the Commission is exercising discretion as part of a broader recalibration. “The Commission’s decision to exercise its discretion… rests on its judgment that ... (full story)
