PANews reported on March 28 that according to the SEC's official website, the U.S. Securities and Exchange Commission (SEC) has officially terminated its civil enforcement lawsuit against Kraken (Payward, Inc. and Payward Ventures, Inc.), Consensys Software Inc. and Cumberland DRW LLC, and withdrew the lawsuit "with prejudice." The SEC stated that the withdrawal of the lawsuit is aimed at promoting the reform and update of its regulatory strategy for the crypto industry, and is not based on an assessment of the allegations in the case. The SEC emphasized that this decision does not affect the position of other cases.