The US securities regulator closed its probe into Crypto.com around seven months after it served the crypto platform a Wells notice in August 2024.
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 around seven months after the SEC issued a Wells notice to the crypto platform in August 2024, 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.
