SEC Drops the Hammer (Not Really)

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🚨 SEC Drops the Hammer (Not Really)
SEC Drops the Hammer (Not Really)

Oh, darling, it seems the SEC has decided to let the Kraken off the hook, along with Consensys Software and Cumberland DRW LLC. In separate filings, the agency has reached agreements with these lovely crypto firms, leading to the dismissal of their lawsuits with prejudice. How sweet of them!

The SEC, ever the clever lot, claims this decision wasn’t based on the merits or lack thereof of the allegations, but rather a dashing new approach to regulating the wild west of cryptocurrency. One can almost imagine the SEC saying, “Oh, darling, we’re not dropping the lawsuits because we’re not sure what we’re doing, but because we’re feeling a bit…refined in our approach.”

So, while this is a jolly good show for these companies, the SEC is quick to point out that this doesn’t mean they’re backing off on their other enforcement actions. Oh no, dearie, they’re still as keen as mustard to crack down on the crypto sector. It’s just that this particular trio has managed to wriggle free for now.

This little development comes amidst the SEC’s ongoing tussle with the cryptocurrency industry. One wonders if they’re not getting a bit…tired of all the fuss, and are instead opting to take a step back and reassess their strategy. After all, one can’t have the regulator and the industry at odds, can one?

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2025-03-28 04:16