Kraken is a big exchange based in US. The exchange has gone through tough time because I am the security and exchange commission lawsuit. All those this is not the first exchange that has gone through this type of legal proceeding and their have been other exchanges also. Apparently Bittrex was one of the exchange that was closed because they could not minus the ongoing challenges in the market.
Now as per the latest news update it has been announced that security and exchange commission has agreed to drop the case against this crypto trading exchange. The exchange operates in multiple countries global league and after this news for the some positivity will spread around in market.
The SEC had sued Kraken in November 2023 for alleged securities law violations, with the agency claiming Kraken operated as an unregistered online trading platform.
This lawsuit while started in 2023 and now we are in 2025 which is pretty much long time and still it is not resolved how ever nothing sir being better because the current US President Donald Trump is supporting program statement.
Item of you like the current market is not actually down but it is managed by some Wales to keep the prices low so that they can bite and book more profits later on the appreciation starts.
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