SEC Staff Agree 'in Principle' to Dismiss Lawsuit Against Kraken
“By dismissing this action, the SEC is signaling to the industry that, one, it will not pursue these types of 'registration' cases going forward and, two, it will presumably focus its resources on fraud cases that harm consumers, said Scott Armstrong, a principal at McGovern Weems and a former federal prosecutor who served as senior counsel in cases involving cryptocurrencies.