The post A Win for the Crypto Industry appeared on BitcoinEthereumNews.com.

Key Takeaways: The SEC has closed enforcement actions against Kraken, ConsenSys, and Cumberland. This move suggests a potential shift in the SEC’s regulatory approach toward crypto, moving away from its recent string of aggressive enforcement actions. Crypto.com confirmed that the SEC would not be pursuing any enforcement action against the company. The U.S. Securities and Exchange Commission (SEC) has announced the formal termination of enforcement actions against three leading crypto companies: Kraken, ConsenSys Software Inc., and Cumberland DRW LLC. This decision signals a potential shift in the SEC’s approach to crypto regulation, bringing more clarity to the industry. Is SEC Ending “Politically Motivated Campaign” Against Crypto? The agency filed stipulations on March 27, 2025, to drop the cases “with prejudice,” meaning decisions can’t be undone or refiled. The dismissal by the SEC doesn’t address the merits of the claims, but rather amounts to an exercise of its discretion, the agency said. They stress the move will assist the Commission’s efforts to “reform and renew its regulatory approach to the crypto industry.” Industry leaders argue that this shift is long overdue, as regulatory uncertainty has been a major barrier to institutional adoption of digital assets. Many companies have faced prolonged legal battles, hindering their ability to innovate and expand operations. Kraken, in a statement after the dismissal, called the SEC’s earlier actions a “wasteful, politically motivated campaign.” The resolution removes “uncertainty” that had been choking innovation and investment in the space, they said. The exchange provider later disclosed plans to list its shares to go public, making it possible that they would become the second crypto firm to do so, after Coinbase. A public listing would not only provide Kraken with additional capital but also further legitimize the crypto industry in traditional financial markets. Analysts predict that if successful, this could encourage other major…

---

Filed under: News - @ March 28, 2025 7:21 pm