Catenaa, Friday, March 28, 2025-The Securities and Exchange Commission (SEC) has shut its investigation into Crypto.com without pursuing charges, the company announced Thursday.
In a statement, Crypto.com said the SEC’s decision ends a years-long probe into the cryptocurrency exchange. The SEC did not immediately respond to a request for comment.
“Under the previous administration, the SEC weaponized its authority to target the crypto industry,” Crypto.com Chief Legal Officer Nick Lundgren said. “It is unfortunate we had to fight this battle to uphold the rule of law.”
The SEC has dropped multiple investigations and lawsuits against crypto firms in recent weeks, including cases involving Kraken, Coinbase, and Ripple.
Crypto.com sued the SEC in October after receiving a Wells notice, a signal that enforcement action could be forthcoming. The company alleged the SEC had overstepped its jurisdiction and pushed back against claims that most cryptocurrencies are securities. The lawsuit was dropped in December.
The agency has undergone significant changes since former SEC Chair Gary Gensler stepped down earlier this year. Under new leadership, the SEC has rescinded controversial crypto regulations, dismissed lawsuits against major exchanges, and established a crypto task force.
Meanwhile, President Donald Trump’s SEC chair nominee, Paul Atkins, told lawmakers this week that establishing a regulatory framework for digital assets would be a “top priority.”
Crypto.com, which has 140 million global users, also announced a partnership with Trump Media and Technology Group to develop exchange-traded funds under the Truth.Fi brand.
