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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...

The US CPI inflation rate came in hotter than expected in January, reinforcing concerns that price pressures remain stubborn in the economy and that interest rates may stay higher for longer. That sent stocks and cryptos lower as the chances of a rate cut diminished. The US CPI inflation rate rose 3% in January compared to a year earlier, and was up 0.5%, up from December’s 0.4% increase, according to data from the Bureau of Labor Statistics .  The higher-than-expected CPI inflation rate will likely keep many investors away from risk-on assets such as cryptocurrencies, adding to the market’s woes. In the last week, the crypto market has traded relatively flat, with Bitcoin (BTC) unable to reclaim the $100K support and the majority of digital assets still in the red over the last week. Pro-Crypto Trump Administration Keeps Investor Hopes Alive Despite CPI Inflation Rate Overshoot Despite the stagnation in the crypto market, many digital asset investors remain optimi...

The crypto sector is currently enduring a “quiet quitting crisis,” according to a hedge fund and digital asset veteran. Quiet quitting, a term that was popularized in 2022, refers to employees who do the bare minimum level of work their jobs require and “quit” the idea of doing anything extra. Travis Kling, the founder and chief investment officer of Ikigai Asset Management, says the phrase accurately illustrates the current state of the crypto landscape. “What I’m seeing and hearing is that a meaningful swath of the crypto community is simply much less engaged than in prior years. And they are much less engaged because there is much less belief in the potential of crypto projects to solve real-world problems and gain significant adoption as a result. That was a dream that was consistently sold and bought from 2017 (the year I got in) until 2022 – ‘crypto will solve real-world problems and gain significant adoption as a result....