The US Securities and Exchange Commission (SEC) has officially withdrawn its lawsuits against crypto entities Kraken, Consensys, and Cumberland, according to a report by CryptoInAmerica's Eleanor Terrett. Previously, the SEC had targeted Kraken for allegedly operating an unregistered exchange. Cumberland and Consensys were accused of acting as unregistered securities dealers. The decision to withdraw these lawsuits marks a significant development in the ongoing regulatory landscape for cryptocurrency in the United States. While the reasons for the withdrawal remain unclear, it suggests a potential shift in the SEC's approach to enforcement or a reassessment of the strength of its cases. This could have broader implications for other crypto firms facing similar scrutiny. ```
