The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Crypto.com without pursuing any legal action, marking a major victory for the crypto exchange.
Crypto.com's Victory Over the SEC
The platform’s CEO, Kris Marszalek, confirmed the news in a March 27 post, highlighting the industry’s resilience against regulatory pressure. "They used every tool available to stifle us—blocking access to banking, auditors, and investors. It was a calculated attempt to end the industry," Marszalek wrote.
SEC Policy Changes
Crypto.com’s legal triumph is part of a broader trend where the SEC is rolling back its aggressive enforcement actions. Over the past five weeks, the regulator has softened its cases against major crypto firms like Coinbase and Consensys. Industry experts attribute this shift to the leadership change at the SEC: after Gary Gensler’s resignation, Mark Uyeda took over as acting chair, fostering a friendlier regulatory approach.
Crypto.com's Future Plans
While celebrating the regulatory victory, Crypto.com is expanding its footprint. On March 24, the exchange announced a partnership with Trump Media to launch a series of "Made in America" ETFs, featuring cryptocurrencies like Bitcoin and Ether.
The SEC's closure of the investigation against Crypto.com without action signals a softer regulatory stance toward the crypto industry, providing platforms with increased opportunities for growth and development.
