Key Takeaways:
- The SEC has closed its investigation into Crypto.com with no enforcement action taken.
- CEO Kris Marszalek and legal chief Nick Lundgren criticized prior regulatory pressure, calling it an overreach targeting the crypto industry.
- The closure follows Crypto.com’s lawsuit against the SEC challenging its regulatory approach.
The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Crypto.com without taking any enforcement action, according to CEO Kris Marszalek.
The regulatory probe, which began with a Wells notice in August, concluded after seven months.
The SEC’s investigation into https://t.co/pFc4Pz9nFR has been closed with no action being taken against https://t.co/pFc4Pz9nFR.
— Kris | Crypto.com (@kris) March 27, 2025
Marszalek announced the outcome on March 27 via X, stating that the SEC had used “every tool available” to suppress the company by restricting access to banking, auditors, and investors.
He described it as a “calculated attempt” to stifle the crypto industry and praised Crypto.com’s resilience, calling its survival and growth a testament to its vision and community support.
Nick Lundgren, Crypto.com’s chief legal officer, also welcomed the SEC’s decision, while criticizing the previous administration for allegedly abusing its authority to unfairly target the cryptocurrency sector.
The investigation’s closure follows Crypto.com’s October lawsuit against the SEC, in which the exchange accused the regulator of a “misguided” regulatory approach and exceeding its jurisdiction.
The resolution represents a significant victory for Crypto.com amid growing regulatory pressure across the crypto space.
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