Kraken News: SEC Drops Enforcement Actions Against Major Crypto Firms

In a significant move for the cryptocurrency industry, the SEC has permanently dismissed enforcement actions against Kraken, Consensys, and Cumberland DRW.

SEC Drops Enforcement Actions Against Kraken, Consensys, and Cumberland DRW

The SEC has permanently dismissed enforcement actions against Kraken, Consensys, and Cumberland DRW, without imposing fines or requiring operational changes. The decision ends a wasteful and politically motivated campaign according to Kraken. The SEC clarified that this does not reflect its position on any other case.

Bitcoin Price Battles Key Hurdles—Is a Breakout Still Possible?

Bitcoin price started another decline below the $83,500 zone and is now consolidating. It might struggle to recover above the $83,850 zone. The price failed to start a recovery wave and remained below the $85,500 level. BTC started another decline and traded below the support area at $83,500. The bears gained strength, and the price even declined below the $82,000 level.