NEWSLETTER
The SEC has announced the dismissal of its case against crypto.com without any legal position. This movement follows the increasingly open posture of the SC towards the cryptographic market, recognizing the fulfillment and legitimacy of the industry.
SEC finished crypto.com's demands
The United States Stock Exchange and Securities Commission (SEC) has <a target="_blank" href="https://crypto.com/en/company-news/sec-closes-crypto-com-investigation-with-no-action” data-wpel-link=”external” target=”_blank” rel=”nofollow external noopener noreferrer”>officially closed His research at crypto.com without taking any legal action against exchange.
This decision occurs seven months after the SEC issued a war notice to crypto.com in August 2024, indicating its intention to sue the company.
<blockquote class="twitter-tweet”>
The research of the SC in https://t.co/pfc4pz9nfr It has been closed without measures against https://t.co/pfc4pz9nfr.
– Kris | crypto.com (@kris) <a target="_blank" href="https://twitter.com/kris/status/1905401337631936684?ref_src=twsrc%5Etfw” data-wpel-link=”external” target=”_blank” rel=”nofollow external noopener noreferrer”>March 27, 2025
The CEO of crypto.com, Kris Marszalek, shared on March 27 that the SEC had used all the senses to press the company, restrict access to banks, auditors and investors. He described it as a deliberate effort to suffocate the cryptographic industry. However, he emphasized that crypto.com exceeded the challenge and emerged even stronger after this event.
After receiving the war notice, crypto.com filed a lawsuit against the SEC in October, accusing the agency, under the leadership of Gary Gensler, to exceed his authority and adopt a wrong approach to crypto.
Source: Coinpedia
crypto.com is not the only case that benefits from the clemency of the SEC. This development follows a series of conciliatory actions of the SEC under the new administration. In the last five weeks, the SEC has closed the investigations in the nft OpenSEA market, the nft Yuga Labs firm, Dex Unisswap, and more recently, the immutable game platform, without presenting any position. The demands against Kraken, Ripple, Coinbase and others have also been eliminated.
About crypto.com
crypto.com is a leading cryptocurrency platform founded in 2016 and based in Singapore. Its objective is to accelerate cryptographic adoption with a mobile application, exchange and visa card. Support for more than 250 cryptocurrencies, crypto.com offers pond, loans and defi integration. Known for safety, competitive rates and rewards, it serves millions of transactions worldwide.
crypto.com is also associated with Trump's company to launch a series of theme ETFs “Made in America” this year. crypto.com will provide infrastructure and custody services for these ETFs, which is expected to include several cryptocurrencies such as bitcoin (btc), ethereum (eth), Solana (Sun), XRP (XRP) and Cronos (Cro).
<script async src="//platform.twitter.com/widgets.js” charset=”utf-8″>
