SEC ends the investigation against Crypto.com – TRADINGVIEW News
Crypto.com confirmed today (Friday) that the US Securities and Stock Exchange Committee (SEC) has officially closed its investigation in the exchange of encryption and decided not to provide any enforcement procedure.
It ends again from the encryption chase
The decision of the last organization came after sending Wales notice to Crypto.com in August 2024. Wales Olay’s notice is only about the company’s results, which may lead to enforcement procedures.
“Under the previous administration, Nick Lundgrin made her behavior in Congress in order to harm the industry, which was not surrounded by her previous chair.”
“It is unfortunate that we were forced to bear this investigation, which lasted a year ago and we file a lawsuit against the Supreme Education Council to protect the rule of law.”
They used each tool available to try to strangle us, restricting access to banking services, auditors, investors and beyond. It was an calculated attempt to put an end to the industry.
No need to follow a suit
Interestingly, Crypto.com filed a lawsuit against the United States organizer in October last year after receiving Wales’s notice, claiming that the regulatory authority exceeded its legal authority by trying to organize symbols as securities. The company argued that the approach of the Supreme Education Council constitutes the setting of unauthorized rules and organization through enforcement, which could negatively affect the encryption industry in the United States.
However, the encryption company withdrew a lawsuit against the American organizer in December after Donald Trump’s victory in the US presidential election. President Trump has already nominated Paul Atkins as a new head of the Securities and Stock Exchange Committee, whose clear value is more than $ 328 million, including up to $ 6 million of encryption assets.
LundGren added: “Compliance and integrity are two essential things for Crypto.com, and we are excited to work with ATKINS president who will be confirmed soon and the rest of the committee is our long -awaited desire to legislate and make bases.”
SEC’s decision to officially end its investigation in Crypto.com was not surprising. The organizer previously brought down lawsuits against Kaken, Coinbase and Ripple Labs, as well as investigations into companies such as GEINI. Under the temporary leadership of Mark Uida, the organizer also reduced the enforcement team that greatly encoded it.
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