SEC Dismisses Case Against Crypto.com, No Enforcement Actions Taken

03/28 15:22

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The investigation into the cryptocurrency exchange has concluded without any enforcement actions being taken, marking the end of the process. Crypto.com CEO Kris Marszalek expressed satisfaction with the outcome, stating that the probe was closed "with no action being taken against Crypto.com." He emphasized the resilience of the company and its community support. Crypto.com had received a Wells Notice from the SEC in October 2024 regarding potential enforcement actions related to token sales, leading to a lawsuit against the SEC that was later dropped in December 2024. The current leadership of the SEC under President Trump's administration was praised by Crypto.com's Chief Legal Officer, Nick Lundgren, who expressed optimism about future collaboration with the SEC. The SEC's recent shift in approach to crypto enforcement, including the dismissal of cases against various crypto companies, reflects a changing regulatory stance towards the industry.

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