The U.S. Securities and Exchange Commission concluded its investigation into Crypto.com without imposing any measures, highlighting the platform's compliance as among the strongest.
Investigation and Conclusion
The SEC issued a Wells notice to Crypto.com in October 2024, indicating a possible lawsuit. However, the company withdrew its lawsuit against the agency in December after a new pro-crypto SEC chair was announced. Consequently, the SEC closed the investigation with no action.
Crypto.com’s Response
The company's Chief Legal Officer, Nick Lundgren, called the investigation unnecessary and welcomed its closure. He criticized the previous SEC leadership for its aggressive stance towards the crypto industry, which forced companies into legal battles rather than creating clear regulations.
Strong Compliance Record
Crypto.com has maintained a strong compliance record, securing over 100 regulatory approvals worldwide. The platform remains one of the most regulated in the industry and is focused on developing fairer policies for the sector.
The closing of the SEC case against Crypto.com reaffirms the company's high compliance standards and underscores the necessity for clearer and innovation-friendly regulations for the crypto industry.
