The US Securities and Exchange Commission (SEC) has officially closed its investigation into Crypto.com without taking any action against the platform, according to its chief executive officer, Kris Marszalek.
He shared in a March 27 post on X:
"They used every tool available to attempt to stifle us, restricting access to banking, auditors, investors, and beyond. It was a calculated attempt to put an end to the industry.... The fact that we not only persevered but became stronger is a testament to our vision and the community supporting it. Onwards!"
This development comes seven months after the SEC issued a Wells warning to the platform in August, indicating possible legal action.
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Nick Lundgren, the exchange's chief legal officer, has criticized the previous administration for abusing its power to negatively affect the cryptocurrency sector:
"We are pleased that the current SEC leadership has made the decision to close its investigation into Crypto.com."
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