PANews reported on March 28 that according to Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has officially ended its investigation into Crypto.com and has not taken any enforcement action against the exchange. Sources revealed that after receiving the Wells Notice from the SEC last October, Crypto.com took the initiative to sue the SEC, accusing it of overstepping its authority. However, in December 2024, after former U.S. President Trump announced plans to appoint crypto-friendly Paul Atkins to replace Gensler as the next SEC chairman, Crypto.com withdrew the lawsuit.
US SEC concludes investigation into Crypto.com without enforcement action
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