SEC terminates lawsuit against Kraken, Consensys and Cumberland

PANews reported on March 28 that according to the SEC official website announcement, the U.S. Securities and Exchange Commission (SEC) has officially terminated civil law enforcement lawsuits against Kraken (Payward, Inc. and Payward Ventures, Inc.), Consensys Software Inc. and Cumberland DRW LLC, and withdrawn the lawsuit in the form of "prejudice". The SEC said the withdrawal of the lawsuit aims to promote reform and updates of its regulatory strategy in the crypto industry, and is not based on an assessment of the allegations of the case. The SEC stressed that this decision does not affect the position of other cases.