Crypto.com says the U.S. Securities and Exchange Commission has shut its investigation into the exchange, marking the last crypto firm to have the agency's probes dropped.
In a statement on Thursday, Crypto.com said the SEC would not file an enforcement action against the company. The SEC did not immediately respond to a request for comment.
"Under the previous administration, the SEC weaponized and attempted to expand its congressionally granted power in order to harm an industry that its former chair disfavored," said Crypto.com Chief Legal Officer Nick Lundgren in the statement. "It is unfortunate that we were forced to endure this years-long investigation and file our own suit against the SEC to protect the rule of law."
The SEC has now dropped several investigations and lawsuits against crypto firms over the past several weeks, including against Kraken and Coinbase. Earlier this month, the agency also decided to drop its appeal in its case against Ripple.
Crypto.com sued the SEC in October after it said it received a Wells notice from the agency, meaning that the SEC could be bringing charges. In the lawsuit, Crypto.com asserted the SEC had overexpanded its jurisdiction while also pushing back on the agency's claim that most cryptocurrencies are securities. That lawsuit was dropped in December.
The agency has changed significantly over the past several weeks following the beginning of the Trump administration and former SEC Chair Gary Gensler's exit at the beginning of the year. Since January, the SEC has rescinded controversial crypto accounting guidance, dropped enforcement actions against major crypto industry players and created a crypto task force.
Also on Wednesday, President Donald Trump's pick for the SEC chairmanship Paul Atkins faced questions from lawmakers on the agency's past actions and his ties to bankrupt FTX. Atkins said he planned to make creating a regulatory framework for digital assets a "top priority."
Crypto.com has more than 140 million customers globally, according to its statement. Of note, Trump Media and Technology Group Corp. said earlier this week it signed a non-binding agreement to partner with Crypto.com to launch a series of exchange-traded funds and exchange-traded products through the company's Truth.Fi fintech brand.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
