In its latest in a string of dropping suits against crypto companies, the U.S. Securities and Exchange staff agreed in principle to dismiss its lawsuit against Kraken, the crypto trading platform said in a statement on Monday.

Kraken said the US Securities and Exchange Commission has agreed in principle to drop its lawsuit against the cryptocurrency exchange, the latest in a series of dismissals of legal actions against crypto companies by the market regulator.

Kraken called the SEC’s decision to drop the case a “turning point for the future of crypto in the U.S.” in a Monday blog post

NEW YORK (Reuters) -Cryptocurrency exchange Kraken said on Monday that the U.S. Securities and Exchange Commission had agreed in principle to dismiss a civil lawsuit accusing it of illegally operating as an unregistered securities exchange.