The Securities and Exchange Commission (SEC) has concluded its investigation into Crypto.com without levying any charges, as the firm surpassed regulatory hurdles and declared ambitious plans for worldwide growth supported by extensive regulatory approvals.
Crypto.com Prevails in SEC Investigation, Vows Continued Regulatory Leadership
Crypto.com announced on March 27 that the U.S. Securities and Exchange Commission (SEC) has formally ended its investigation into the company without pursuing any enforcement action. The closure follows a 2024 Wells notice issued by the SEC and a subsequent bitcoin.com/crypto-com-files-suit-against-sec-over-expanded-jurisdiction-claims/”>lawsuit filed by Crypto.com, which was dropped in December of that year.
Kris Marszalek, the co-founder and chief executive officer of Crypto.com, expressed his viewpoint through a set of posts on social media site X, stating unequivocally:
The Securities and Exchange Commission (SEC) has concluded its examination of Crypto.com without any charges or penalties levied against the company.
Regarding the larger difficulties encountered in the digital asset sector, Marszalek commented: “I remain proud of how this industry and its supporters have navigated one crisis after another, with the toughest being the U.S. administration’s crackdown on cryptocurrency.” He went on to say: “They employed every weapon at their disposal to suppress us, limiting access to banking, auditing, investment, and more. It was a strategic move aimed at eliminating our industry.” Yet, despite these obstacles, Marszalek remained hopeful about the field’s future: “The fact that we not only survived but grew stronger speaks volumes about our ambition and the community behind it. Forward!
Nick Lundgren, Chief Legal Officer at Crypto.com, issued a statement welcoming the outcome: “We are pleased that the current SEC leadership has made the decision to close its investigation into Crypto.com with no enforcement action or settlement.” He criticized the prior administration’s tactics and expressed hope for productive collaboration with incoming SEC Chair Paul Atkins.
Crypto.com points out that it’s currently the only worldwide cryptocurrency exchange operating without facing legal action from the Securities and Exchange Commission (SEC) or settling any charges. The company emphasizes its more than 100 regulatory approvals, such as approval from the Financial Crimes Enforcement Network (FinCEN), state money transmitter licenses, and designations from the U.S. Commodity Futures Trading Commission (CFTC). Additionally, it operates as a FINRA-registered broker-dealer and a licensed digital asset custodian. The firm underscores its commitment to further investing in developing regulatory frameworks for the digital age, not just in the U.S., but globally.
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2025-03-28 17:08