Crypto.com Celebrates SEC Probe Closed, CEO Confirms Victory

Crypto.com Celebrates SEC Probe Closed, CEO Confirms Victory

Particularly after the Wells notice published in August 2024, the SEC has been looking closely at leading cryptocurrency exchange Crypto.com. The SEC’s formal step, whereby its employees’ intention to advise enforcement action—frequently connected with supposed securities law infringements—is indicated, is a Wells notice. For Crypto.com, this likely revolved on if certain tokens traded on its platform counted as securities—a divisive matter in the crypto world. As Crypto.com sues US SEC after legal threat from regulator | Reuters tells it, the company pushed back by filing a lawsuit against the SEC in October 2024 claiming legal overreach. Two months later, though Crypto.com withdrew this lawsuit possibly after discussing thenPresident Elect Donald Trump—mentioned in As the SEC Continues Its Crypto Litigation Retreat, Here’s What’s Still Outstanding | CoinDesk—, apologizing fell three times ago.

Forbes reports that under the prior administration, guided by Chair Gary Gensler, the SEC’s strong position was welldocumented, including many enforcement actions against crypto businesses. With the firm claiming the SEC tried to stymie the sector by limiting access to banking, auditors, and customers, this context presented Crypto.com’s legal wrangles.

Statement by the CEO concerning closure

Via an X post on March 27, 2025, Kris Marszalek, the chief executive officer of Crypto.com, revealed the SEC had brought their investigation to a close with the remark, “Using every tool at their disposal to stifle us, they blocked access to banking, auditors, investors, and beyond.” It was a planned effort to close down the field. Our vision and the society backing it is shown by the fact that we not only prevailed but grew stronger. Onwards first!” (Kris | Crypto.com X post). Echoing in the SEC’s Crypto.com inquiry, this statement has now closed says CEO — TradingView News and SEC has closed its examination of Crypto.com; Cointelegraph verifies no enforcement action was taken. As mentioned in SEC Drops Crypto.com Probe As Agency Pulls Back From Industry Crackdown | FinanceFeeds, Nick Lundgren, chief legal officer of Crypto.com, mentioned in a statement, “We are happy that the current SEC leadership has had the discretion to shut down its investigation of Crypto.com,” accusing the said former government of abusing its power to damage the crypto business.

Seven months after the Wells notice, this closure indicates a major turnaround. As indicated by recent events such the closing of inquiries into Robinhood Crypto without action—that is Robinhood Says SEC Closes Crypto Probe Without Any Enforcement | Bloomberg and SEC Closes Investigation Into Robinhood Crypto with No Action | Robinhood Newsroom—that it fits in with a more general pattern under the Trump presidency which has been more cryptofriendly. As The SEC Is Leaving Its Most Important Crypto Lawsuits | WIRED points out, the agency is renaming its Crypto Assets and Cyber Division to a smaller Cyber and Emerging Technologies Unit, suggesting a departure from hard enforcement.

Search results lacking clear SEC statements also point to the absence of public SEC confirmation of the closure, which is interesting because Crypto.com’s position is obvious. Though the agency is still working or has not made a formal statement, given the uniformity of Crypto.com’s statements and news stories, it is logical to take the CEO’s declaration as of March 27, 2025.

Crypto.com probe by the SEC has officially closed, says CEO — TradingView NewsSEC has officially closed its investigation into Crypto.com, CEO says | CointelegraphSEC Drops Crypto.com Probe As Agency Pulls Back From Industry Crackdown | FinanceFeedsCrypto.com sues US SEC after receiving legal threat from regulator | Reuters https://crypublishx.com/btc-faces-strong-buying-pressure-during-market-bou/