Crypto.com has decided to drop its lawsuit against the United States Securities and Exchange Commission (SEC). This decision came soon after a meeting between the exchange’s CEO, Kris Marszalek, and President-elect Donald Trump.
Collaboration with Trump Administration
Crypto.com filed the lawsuit to challenge the SEC’s classification of some digital assets as securities. Analysts suggest that the meeting with Trump, who supports technological innovation, may have influenced this decision.
Details of Crypto.com Lawsuit Against the SEC
In October, the cryptocurrency exchange filed a lawsuit against the SEC and its commissioners following a warning about potential charges. Crypto.com challenged the SEC’s reach over its operations, emphasizing their compliance efforts.
A New Era for Crypto Policy
Trump may establish the first presidential council on cryptocurrency, potentially altering the government’s approach to digital assets and attracting interest in cryptocurrencies.
With the lawsuit withdrawn and potential collaboration with the new administration, Crypto.com may strengthen its position in the U.S.
