SEC has officially closed its investigation into Crypto.com, CEO says
The US securities regulator closed its probe into Crypto.com seven months after serving the crypto platform with a Wells notice in August.
The US Securities and Exchange Commission has officially closed its investigation into Crypto.com, with no action taken against the crypto exchange, according to the firm’s CEO, Kris Marszalek.
It comes seven months after the SEC issued a Wells notice to the crypto platform in August, signaling its intention to take legal action against the firm.
”They used every tool available to attempt to stifle us, restricting access to banking, auditors, investors, and beyond. It was a calculated attempt to put an end to the industry,” Marszalek said in a March 27 X post.
”The fact that we not only persevered but became stronger is a testament to our vision and the community supporting it. Onwards!”
Crypto.com filed a lawsuit against the SEC in October, accusing the Gary Gensler-led commission of overstepping its authority and taking a “misguided” approach to crypto regulation.
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