Here’s what happened in crypto today

Today in crypto, the US Securities and Exchange Commission dropped its lawsuit against Kraken, Binance announced it will delist nine stablecoins, including USDT and DAI, in Europe on March 31 to comply with MiCA regulations, and United States President Donald Trump announced several assets are set to be included in the US strategic crypto reserve, pushing down Bitcoin dominance below 50%.SEC drops Kraken lawsuitThe United States Securities and Exchange Commission (SEC) has dropped its lawsuit against crypto exchange Kraken roughly 15 months after accusing the exchange of operating as a broker-dealer without registration. On March 3, Kraken announced that the lawsuit was being dropped with no penalties paid and no changes to the exchange’s business. Kraken described the lawsuit as a “wasteful, politically motivated campaign.” With the lawsuit in the rearview mirror, it “clears the path toward a stable, forward-thinking regulatory regime,” the exchange said.Since President Trump took office, the SEC has dismissed its lawsuits against Coinbase, OpenSea, Gemini and Robinhood, signaling a changing of the guard at the regulatory agency.Meanwhile, the SEC’s newly created Crypto Task Force has met with several industry representatives to discuss regulations and ways to create a clear framework for policing digital assets. Binance to delist non-MiCA compliant stablecoins in Europe on March 31Cryptocurrency exchange Binance will delist several stablecoins in the European Economic Area (EEA) to comply with the Markets in Crypto-Assets Regulation (MiCA).On March 31, Binance will delist spot pairs for users in the EEA, with nine stablecoins, including Tether’s USDt (USDT) and Dai (DAI), to be removed to comply with Europe’s MiCA regulations, the exchange announced on March 3.Still, affected users will still be able to sell their non-MiCA-compliant stablecoins using Binance Convert, the company said.MiCA-compliant stablecoins, such as Circle-issued stablecoins, USDC (USDC) and Eurite (EURI), will remain available and unchanged, Binance said.The exchange is encouraging EEA users to convert non-MiCA-compliant stablecoins into alternatives such as USDC, EURI, or fiat currencies like the euro. However, Binance will continue to support custody for affected stablecoins.“Custody of non-MiCA-compliant stablecoins will continue, and you will be able to withdraw or deposit non-MiCA-compliant stablecoins at any time,” the announcement noted.Bitcoin dominance falls under 50% as Trump announces crypto reserve planBitcoin dominance slipped from 55.4% to below 50% in the hours after US President Donald Trump initially announced the country would include XRP, Solana and Cardano in its “Crypto Strategic Reserve.”Trump later confirmed on Truth Social that Bitcoin (BTC) — and also Ether (ETH) — would be “at the heart of the reserve.”Bitcoin’s dominance has slipped to 49.6% as the likes of Cardano (ADA) and XRP (XRP) increased 60.3% and 34.7%, respectively, over the last 24 hours. Solana (SOL) and Ether are also up 25.5% and 13.1% over the same timeframe, while other altcoins that weren’t explicitly mentioned in Trump’s post have also gained. Bitcoin rose only 10% to $94,220.