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The United States Stock Exchange and Securities Commission has agreed To eliminate his demand against Kraken, the exchange of cryptocurrencies revealed on March 3. The movement ends what the exchange calls a “wasteful and politically motivated campaign” and “clears the path to a stable regulatory regime and future thought.”

According to Kraken, demand is being dismissed with prejudice, without admission of irregularities, no sanctions are paid and there are no changes in Kraken's businesses. The SEC demanded Kraken in November 2023, claiming that the exchange acted as a corridor, distributor, exchange and compensation agency without registering in the SEC.

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The SEC, under Gary Gensler's leadership, was prone to a regulation policy for the application, demanding or investigating cryptographic companies, such as Coinbase, Uniswap and the non -fungible market Open, for a variety of reasons. This approach was widely criticized in the industry to suffocate innovation, aimed at legitimate cryptographic companies instead of chasing bad actors and more.

The latest SEC actions can reflect the changing environment of the United States government with respect to cryptography. Kraken writes about his case: “This case was never trying to protect investors: IT and other cloudy application actions instead of clarified. He stimmed a nascent industry that repeatedly urged clear road rules. “

A changing regulatory climate

Since the change in the leadership of the SEC, the agency has dismissed or rumored that eliminates several demands and investigations that began during the mandate of Gensler. On February 27, he dismissed his lawsuit against Coinbase. Previously, he had eliminated lawsuits or investigations against Consensys, Uniswap, Opensa, Gemini and Robinhood.

https://www.youtube.com/watch?v=csmfzihja0i

The movements occur when the United States is forming for greater regulatory clarity that surrounds digital assets. On February 7, US legislators introduced a Stablcoin bill to boost the domain of the dollar. It is possible that legislators can introduce a general cryptographic regulation bill that is a stronger version of FIT21.

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In addition, there are more tail winds: the president of the United States, Donald Trump, who has said he wants to turn the United States into the “world capital of cryptography”, has announced plans for a cryptographic strategic reserve consisting of bitcoin (btc), Ethher (eth), XRP (XRP), Solana (Sol) and Cardano (ADA). The president will be the host of the first cryptographic summit of the White House on March 7.

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