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In what is part of a continued shift for the US Securities and Exchange Commission (SEC), the agency is officially poised to drop its lawsuit against the Kraken cryptocurrency exchange. Indeed, the platform called the move a “win for fairness” as they announced a dismissal agreement was reached between both parties. This has been yet another dropped lawsuit or investigation in a continued trend for the agency. Since late February, the SEC ceased legal action against both Uniswap and Coinbase. Moreover, they announced probes into Robinhood and Consensys had been dropped. JUST IN: SEC drops Kraken lawsuit. — Watcher.Guru (@WatcherGuru) March 3, 2025 Also Read: US Senate to Vote on Repealing IRS Rule Threatening Crypto SEC Drops Kraken Lawsuit as Crypto Policy Overhaul Continues Since the arrival of the new Trump administration, a cryptocurrency policy overhaul has been in effect. The SEC, under acting chair Mark Uyeda, has sought to overturn many of the acts of a previous adm...

Kevin O'Leary believes U.S. Senators are “fatigued” and “pissed” at the cryptocurrency industry for having to deal with one blowup after another. Shark Tank investor and venture capitalist Kevin O’Leary has urged crypto exchanges to “get on board with regulation” if they want to “stay out of the way” of Gary Gensler and the United States Securities Exchange Commission (SEC). In a Feb. 20 interview with TraderTV Live, O’Leary said that U.S. lawmakers are “fatigued” over crypto collapses and that they’re only going to get more ruthless if companies continue to not comply: “You got to get on board with regulation, you got to stay out of the way of Gensler at the SEC and other regulators. Those hombres [men] in Washington are not happy. FTX poked the bear, the bear is awake, and it is pissed.” “These senators are really fatigued, they’re really tired of gathering every six months when the next crypto company blows up and goes to zero,” he said, adding “because they’re totally unregu...