{"id":112349,"date":"2025-03-28T10:35:31","date_gmt":"2025-03-28T18:35:31","guid":{"rendered":"https:\/\/xira.com\/p\/2025\/03\/28\/sec-signals-definitive-shift-on-crypto-crackdown-in-three-more-high-profile-actions\/"},"modified":"2025-03-28T10:35:31","modified_gmt":"2025-03-28T18:35:31","slug":"sec-signals-definitive-shift-on-crypto-crackdown-in-three-more-high-profile-actions","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2025\/03\/28\/sec-signals-definitive-shift-on-crypto-crackdown-in-three-more-high-profile-actions\/","title":{"rendered":"SEC Signals Definitive Shift on Crypto Crackdown in Three More High-Profile Actions"},"content":{"rendered":"

\u201cMore broadly, outside of the crypto space, these dismissals reflect that the administration is rapidly changing agency priorities and acting to implement its agenda. If you don’t adjust to these changes, you’ll fall behind competitors who do, said Renato Mariotti, a partner at Paul Hastings’ investigations and white-collar defense practice.<\/p>\n

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The U.S. Securities and Exchange Commission officially dismissed on Thursday evening three high-profile enforcement actions\u2014against Cumberland DRW LLC, Consensys Software Inc., Payward Inc. and Payward Ventures Inc., together known as Kraken\u2014as part of the agency\u2019s larger regulatory shift under the Trump administration.<\/p>\n<\/div>\n

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\u201cThe Commission\u2019s decision to exercise its discretion \u2026 rests on its judgment that the dismissal will facilitate the Commission\u2019s ongoing efforts to reform and renew its regulatory approach to the crypto industry, not on any assessment of the merits of the claims alleged in the action,\u201d the SEC said in a statement. \u201cThe Commission\u2019s decision to seek dismissal of this litigation does not necessarily reflect the Commission\u2019s position on any other case.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u201cMore broadly, outside of the crypto space, these dismissals reflect that the administration is rapidly changing agency priorities and acting to implement its agenda. If you don’t adjust to these changes, you’ll fall behind competitors who do, said Renato Mariotti, a partner at Paul Hastings’ investigations and white-collar defense practice. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The U.S. Securities and […]<\/p>\n","protected":false},"author":3,"featured_media":112350,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23],"tags":[],"class_list":["post-112349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-com"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/xira.com\/p\/wp-content\/uploads\/2025\/03\/legal-news-mVDdeU.jpeg?fit=767%2C633&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/112349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=112349"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/112349\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/112350"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=112349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=112349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=112349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}