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NEWS: SEC drops lawsuit against crypto exchange Kraken

THE U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit against cryptocurrency exchange Kraken, the company announced. Kraken cryptocurrency exchange logo is seen in this illustration taken July 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

By PAUL O’DONOGHUE, Senior Correspondent

THE U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit against cryptocurrency exchange Kraken, the company announced.

Kraken stated that the lawsuit ended without any admission of wrongdoing, penalties, or changes to its business operations.

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