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The lawsuits against major crypto firms, including Kraken, Coinbase, and Binance, faced strong pushback in courts, with judges questioning the SEC’s legal standing in Under the leadership of Gary Gensler, the SEC had been aggressive in its enforcement against companies like Kraken, accusing them of mishandling customer funds The SEC sued Kraken for violating securities laws by commingling customer cash and failing to register. According to the SEC, Kraken’s policies and internal controls US Senator Cynthia Lummis, a pro-crypto lawmaker from Wyoming, lashed out at the US Securities and Exchange Commission (SEC) over the Kraken lawsuit that The US Securities and Exchange Commission (SEC) has partially won its case against the crypto exchange Kraken. A California federal judge ruled on 24 January Specifically, US Senator Cynthia Lummis has voiced her criticism of the SEC after its lawsuit against Kraken. The agency had announced a lawsuit based on the claim that Hace 4 días The US Securities and Exchange Commission has agreed to drop its lawsuit against Kraken, the cryptocurrency exchange revealed on March 3. The move ends what the

US Senator Lummis Blasts SEC After Kraken Lawsuit Developments

The legal battle between the US Securities and Exchange Commission (SEC) and cryptocurrency exchange Kraken has taken a new turn, sparking strong reactions, particularly from US Senator Cynthia Lummis. Specifically, Senator Lummis, a pro-crypto lawmaker from Wyoming, has voiced her criticism of the SEC after its lawsuit against Kraken, highlighting concerns about the agency's approach to crypto regulation.

The SEC sued Kraken for violating securities laws by commingling customer cash and failing to register. According to the SEC, Kraken’s policies and internal controls were inadequate. Under the leadership of Gary Gensler, the SEC had been aggressive in its enforcement against companies like Kraken, accusing them of mishandling customer funds.

However, the landscape is shifting. The lawsuits against major crypto firms, including Kraken, Coinbase, and Binance, faced strong pushback in courts, with judges questioning the SEC’s legal standing in some cases. In a related development, The US Securities and Exchange Commission (SEC) has partially won its case against the crypto exchange Kraken. A California federal judge ruled on 24 January in favor of the SEC on some points.

Adding another layer to the story, Hace 4 días The US Securities and Exchange Commission has agreed to drop its lawsuit against Kraken, the cryptocurrency exchange revealed on March 3. The move ends what the agency had announced as a lawsuit based on the claim that... This sudden reversal has fueled Senator Lummis's criticism and raised further questions about the SEC's initial grounds for the lawsuit against Kraken.

This situation underscores the ongoing debate about the appropriate regulatory framework for cryptocurrency exchanges and the SEC's role in overseeing the digital asset space. Senator Lummis's vocal opposition to the SEC's actions against Kraken reflects a broader concern within the crypto community about regulatory overreach and the need for clearer, more consistent guidance.

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