The SEC has dismissed or paused several crypto-related cases in recent weeks, which Kraken sees as a “turning point” for U.S. crypto regulation.

Kraken said on Monday that the U.S. Securities and Exchange Commission agreed in principle to dismiss its civil lawsuit against the cryptocurrency exchange. In a statement on its blog, Kraken said the dismissal is with prejudice,

The SEC has officially dropped its lawsuit against Kraken today, ending what had been a high-profile battle between US regulators and the crypto exchange. The agency dismissed the case with prejudice,

The White House has announced an upcoming crypto summit with prominent founders, CEOs, and investors expected to attend.

The order weighing on the federal agency's independence could also have implications on enforcement activity, concerned observers say.

The cryptocurrency summit is the latest indication of Trump's embrace of the industry, as his financial ties are questioned at a press conference