TechFlow, December 8 — According to Crypto in America, the U.S. Securities and Exchange Commission (SEC) has concluded its two-year investigation into tokenized finance firm Ondo Finance without recommending any charges. The probe, which began in October 2023, primarily examined whether Ondo complied with U.S. securities laws when tokenizing U.S. Treasury products and whether the ONDO token should be classified as a security, Crypto in America reported. An Ondo spokesperson said the company received formal notification in late November confirming the investigation's closure. This marks another reversal of regulatory actions against digital asset firms during the Biden era. Since the appointment of pro-crypto SEC Chair Paul Atkins, the agency has shut down most crypto-related investigations and dropped several high-profile cases against companies including Coinbase, Ripple, and Kraken.
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