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International Business Times
International Business Times
Business
Marvie Basilan

SEC Officially Files Litigation Dismissal In Kraken, Consensys, Cumberland Cases; 'When Ripple?' $XRP Army Asks

SEC Ripple ConsenSys Kraken Cumberland XRP Gary Gensler Crypto Coinbase Lawsuit
The SEC has officially filed documents to dismiss its complaints against Kraken, Consensys, and Cumberland. (Credit: Jernej Furman/flickr.com)

KEY POINTS

  • The new SEC has been actively coordinating with crypto firms sued by the Gensler team
  • Consensys was one of few crypto firms that, like Coinbase and Ripple, fought the SEC's lawsuit
  • $XRP users are starting to get frustrated over the seemingly slower progress in ending the Ripple case

The U.S. Securities and Exchange Commission (SEC) has officially announced the end of litigation against cryptocurrency companies Kraken, Consensys, and Cumberland DRW LLC, and while the crypto community is celebrating, XRP token holders are wondering when the financial regulator will make new announcements around its case against Ripple.

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