US SEC agrees to drop lawsuit against Kraken

The U.S. Securities and Exchange Commission (SEC) has dropped its lawsuit against major cryptocurrency exchange Kraken.
On the 3rd (local time), industry sources said the SEC would not impose any sanctions on Kraken, allowing it to continue operating.
Previously, the SEC had filed a lawsuit against Kraken for operating an unregistered securities exchange, alleging that the company facilitated securities trading by viewing major cryptocurrencies as "securities."
The SEC also filed a lawsuit against Coinbase for the same reasons, but that lawsuit was also recently dropped.