Source: Cointelegraph Original: "{title}"

According to Kris Marszalek, CEO of Crypto.com, the U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into the company, taking no action against the cryptocurrency exchange.

This news comes seven months after the SEC issued a Wells notice to the crypto platform last August, indicating its intention to take legal action against the company.

“They have tried to suppress us using every available tool, limiting our access to banking services, auditors, investors, and other resources. This is a planned attempt to end this industry,” Marszalek stated in a post on the X platform on March 27.

The SEC’s investigation into https://t.co/pFc4Pz9nFR has been closed with no action being taken against https://t.co/pFc4Pz9nFR.

“In fact, we not only persevered but became stronger, which proves the power of our vision and the support of our community. Onward!”

Crypto.com filed a lawsuit against the SEC last October, accusing the commission led by Gary Gensler of overreach and adopting a “misleading” approach to cryptocurrency regulation.

This is a developing story, and we will continue to update our coverage as more information becomes available.

Related: Hester Peirce calls on the SEC to create rules to “integrate” cryptocurrency regulation.

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