The investigation conducted by the US Securities and Exchange Commission into Crypto.com has come to a close, with no further action being pursued against the cryptocurrency exchange, as confirmed by its CEO, Kris Marszalek.
This conclusion comes seven months after the SEC issued a Wells notice to the company in August, indicating potential legal action.
“They employed every tactic at their disposal to hinder our progress, limiting access to banking, auditors, investors, and more. It was a strategic effort to undermine the entire industry,” Marszalek stated in a post on March 27.
“The SEC’s investigation has concluded with no actions taken against us.” — Kris
He also remarked, “The fact that we not only persisted but emerged stronger is a testament to our vision and the community that supports it. Onwards!”
In October, Crypto.com initiated legal proceedings against the SEC, alleging that the commission led by Gary Gensler exceeded its authority and approached cryptocurrency regulation in a “misguided” manner.
This story is still developing, and additional updates will be provided as new information becomes available.