SEC Closes Probe Against Crypto.com

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Crypto.com has confirmed that the US Securities and Exchange Commission (SEC) has officially closed its investigation into the crypto exchange without pursuing any enforcement action.

The SEC had previously issued a Wells Notice to Crypto.com in August 2024, indicating potential enforcement actions based on its findings.

Nick Lundgren, Chief Legal Officer of Crypto.com, remarked:

“Under the previous administration, the SEC misused its power to target an industry its former chair opposed. It’s unfortunate we had to endure this lengthy investigation and file our own suit to uphold the rule of law.”