Today marks a pivotal moment for Kraken. SEC staff agreed in principle to reject their prosecution against Kraken with prejudice, without admission of reprehensible acts, without paid penalties and without modification to our company.
The DRA’s decision to reject its trial against us (and many others) is more than a simple legal victory-it is a turning point for the future of the crypto in the United States, it puts an end to an unnecessary and politically motivated campaign, raises an uncertainty that has stifled innovation and investment, and erases the path to a stable and avant-garde regulatory regulatory.
We appreciate the new management at the White House and the Commission which led to this change. Their daring and thoughtful leadership will lead to a new era of American cryptographic innovation.
The end of a political motivation campaign
Since our creation, Kraken has worked with integrity and dedication to doing the right thing. The SEC trial, which has poorly loaded our coherent commercial model, has always been baseless. This dismissal confirms what we have said from the start: regulatory actions must be based on facts, not political agendas.
This case never aimed to protect investors – IT and other law enforcement actions were clouds instead of clarifying. He has undermined an emerging industry that has repeatedly urged clear road rules.
Instead of engaging in this difficult but necessary work, leadership prior to the SEC and throughout the government has adopted a regulatory approach by application which has stifled progress and has disadvantaged the United States against other countries which favored innovation thanks to regulatory regimes of equitable and transparent digital assets.
Ready to release innovation and investment
This dismissal raises this cloud of uncertainty. He reaffirms that companies like Kraken, who prioritize compliance and consumer protection, should not be subject to arbitrary legal battles.
A stable and predictable regulatory framework will encourage responsible growth, attract investments and guarantee that the United States remains competitive in the global economy of digital assets.
Strengthen economic opportunities for Americans
Crypto is more than a simple technology – it is a path to financial empowerment. Millions of Americans count on Kraken to access digital assets and take control of their financial trips. Regulatory overtaking does not only affect businesses; He limits opportunities for everyday people looking for alternative financial tools.
Today’s decision is a step towards a more inclusive financial system – that where individuals, and not the government exaggeratedly, shape their own economic future. By adopting cryptographic innovation, the United States can unlock new ways for economic prosperity and financial freedom.
Draw a path to clearer regulations
Although today’s decision is a major victory, it also serves as a clearer for lighter and more avant-garde regulatory policies. Kraken remains determined to work alongside decision -makers and regulators to establish guidelines that protect consumers while promoting technological progress.
We are happy that leadership at the Congress and the Crypto Working Group of Commissioner Peirce take this difficult and compulsory work to set up real legislation and avant-garde regulations and regulations. These steps will guarantee that we never return to regulation by application.
With the mission: to accelerate the adoption of the crypto
While we are closing this chapter, Kraken reaffirms his commitment to pioneering a future where innovation and responsible regulations go hand in hand. We will continue to engage with industry stakeholders and regulatory organizations to promote clarity, equity and progress in digital finance, while continuing to protect the right to freedom and privacy in the name of our customers.
Our trip is far from over. The future way is a continuous innovation, a strategic collaboration and an unshakable dedication to the construction of a more inclusive financial future.
These documents are for general information only and are not investment advice or a recommendation or solicitation to buy, sell, count or maintain a cryptoasset or engage in a specific negotiation strategy. Kraken does not work and does not work to increase or decrease the price of a particular cryptocurrency that it makes available. Some cryptographic products and markets are regulated and others are not regulated; Be that as it may, Kraken may or may not be obliged to be recorded or otherwise authorized to provide specific products and services on each market, and you cannot be protected by governmental remuneration and / or regulatory protection plans. The unpredictable nature of the crypto-tassets markets can cause loss of funds. The tax may be payable on any declaration and / or on any increase in the value of your cryptocurrency and you should request independent advice on your tax position. Geographic restrictions can apply. See legal disclosure for each jurisdiction here.
