The SEC announced that it would dismiss its case against Crypto.com without any legal charges. This move follows the SEC’s increasingly open position to the cryptocurrency market, recognizing the compliance and legitimacy of the industry.
SEC ends Crypto.com lawsuit
The Securities and Exchange Commission (SEC) has Officially closed It investigates Crypto.com without any legal action against the exchange.
The decision came seven months after the SEC issued a Wells notice to Crypto.com in August 2024, indicating its intention to sue the company.
The SEC investigation of https://t.co/pfc4pz9nfr has been closed and no action has been taken on https://t.co/pfc4pz9nfr.
-Kris | crypto.com (@kris) March 27, 2025
Crypto.com CEO Kris Marszalek shared on X on March 27, forcing companies to put pressure on companies from restricting access to banks, auditors and investors. He described it as a deliberate effort to stifle the crypto industry. However, he stressed that Crypto.com overcomes the challenge and becomes even stronger after the event.
After receiving Wells notice, Crypto.com filed a lawsuit against the SEC in October, accusing the agency of going beyond its power and taking a misleading approach to encryption under Gary Gensler.
Source: Coinpedia
Crypto.com is not the only case that benefits from SEC leniency. This development comes after a series of reconciliation actions taken by the SEC under the new government. In the past five weeks, the SEC has closed an investigation into the non-implementation of the NFT market Opensea, NFT company Yuga Labs, Dex Uniswap and the most recent gaming platforms without any fees. The lawsuit against Kraken, Ripple, Coinbase and others has also been dropped.
About crypto.com
Crypto.com is a cryptocurrency platform established in 2016 and is headquartered in Singapore. Its purpose is to accelerate encryption using mobile apps, exchange cards and visa cards. Crypto.com supports over 250 cryptocurrencies and offers points, loans and Defi integrations. Known for security, competitive fees and rewards, it serves millions of transactions worldwide.
Crypto.com also partnered with Trump’s company to launch a series of “Made in the United States” themed ETFs this year. Crypto.com will provide infrastructure and custody services for these ETFs, which are expected to include a variety of cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SolAna (Sol), XRP (XRP) and Cronos (CRO) (CRO).
