TechFlow reported on March 28 that, according to cryptocurrency journalist Eleanor Terrett, sources revealed the U.S. Securities and Exchange Commission (SEC) has formally closed its investigation into Crypto.com without taking any enforcement action against the exchange.
The matter originated in October last year when the SEC issued a Wells notice (a pre-enforcement warning) to Crypto.com, after which the company proactively sued the SEC over "jurisdictional overreach." However, in December, following Trump's announcement of plans to appoint crypto-friendly Paul Atkins to succeed Gensler as the next SEC chair, Crypto.com withdrew the lawsuit.
Add to Favorites
Share to Social Media
