TechFlow reported on March 4 that U.S. Senator Cynthia Lummis, chair of the Senate Banking Committee's Digital Assets Subcommittee, posted on X stating that the U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit against cryptocurrency exchange Kraken, calling it "a huge win for the digital asset industry. We are closing the door on punitive regulation and welcoming the return of American innovation. This is very significant."
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