The US Securities and Exchange Commission (SEC) has officially closed its investigation into Crypto.com with no actions taken against the crypto exchange, as confirmed by CEO Kris Marszalek. This development follows the SEC issuing a Wells notice in August 2024, indicating its intention to take legal action. In a statement on March 27, Marszalek expressed that the SEC's efforts to restrict the platform's access to banking and other resources were part of a calculated attempt to hinder the crypto industry. Crypto.com had previously filed a lawsuit against the SEC in October, accusing the agency of overstepping its authority regarding crypto regulation. This closure marks a significant moment for Crypto.com as it demonstrates their resilience amid regulatory challenges.

Source 🔗