The SEC has dismissed or paused several crypto-related cases in recent weeks, which Kraken sees as a “turning point” for U.S. crypto regulation.

Cryptocurrency exchange Kraken said on Monday that the U.S. Securities and Exchange Commission had agreed in principle to dismiss a civil lawsuit accusing it of illegally operating as an unregistered securities exchange.

The Securities and Exchange Commission has agreed to drop its lawsuit against Kraken, which sought to regulate the cryptocurrency company as a stock exchange, according to the company. “Today marks a pivotal moment for Kraken.

The U.S. Securities and Exchange Commission on Thursday filed to dismiss its lawsuit against Coinbase , the largest U.S. cryptocurrency exchange, putting an end to a legal battle as the regulator moves to change course under President Donald Trump.

Kraken said the US Securities and Exchange Commission has agreed in principle to drop its lawsuit against the cryptocurrency exchange, the latest in a series of dismissals of legal actions against crypto companies by the market regulator.

Kraken said on Monday that the U.S. Securities and Exchange Commission agreed in principle to dismiss its civil lawsuit against the cryptocurrency exchange. In a statement on its blog, Kraken said the dismissal is with prejudice,

On Monday, crypto exchange Kraken announced that the U.S. Securities and Exchange Commission (SEC) had decided to drop its lawsuit against the company, just months after the crypto exchange donated $1 million to President Donald Trump's inaugural committee.