- The SEC has dropped litigation against Kraken, ConsenSys, and Cumberland DRW LLC.
- Crypto.com also confirmed via an announcement that SEC dropped probe into the firm.
- Ripple’s name has been left out from the list because the SEC needs to go back to Judge Torres.
The U.S. Securities and Exchange Commission (SEC) has dismissed enforcement actions against crypto firms Kraken, ConsenSys, and Cumberland DRW LLC. These cases were dropped via joint stipulations filed “with prejudice,” meaning the agency cannot refile the same claims later. Notably, the SEC also recently closed its investigation into trading platform Crypto.com without pursuing any enforcement action.
Why is Ripple’s Absence from Dismissals Notable?
These moves appear part of a broader regulatory shift observed under the Donald Trump administration, which previously saw dropped cases involving Coinbase, Robinhood, Uniswap Labs, and OpenSea.
However, one prominent name was absent from this latest list of dismissals: Ripple.
Despite Ripple achieving its own recent positive legal developments, the fintech firm’s long-standing SEC battle remains formally unresolved, unlike these others.
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