COINTURK NEWS – Bitcoin, Blockchain and Cryptocurrency News and Analysis

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Cryptocurrency exchange Crypto.com announced the formal closure of the investigation by the U.S. Securities and Exchange Commission (SEC) against it. According to the exchange’s statement, the SEC will not initiate any legal action. Therefore, following similar dismissals of investigations against major crypto players like Kraken, Coinbase, and Ripple $2, Crypto.com also finds itself cleared. This shift in the SEC’s approach, long criticized for its heavy-handed stance on the cryptocurrency sector, has drawn attention, especially in light of the recent changes in leadership.

SEC Eases Pressure on the Industry

Crypto.com had previously filed a lawsuit against the SEC after receiving a “Wells notice” in October 2024, which signaled potential legal action against the exchange. In its lawsuit, Crypto.com contested the SEC’s authority, particularly its classification of many cryptocurrencies as securities. However, this lawsuit was withdrawn in December.

SEC Investigation of Cryptocurrency Exchange Crypto.com

Since the beginning of the year, a noticeable softening in the SEC’s stance towards the cryptocurrency sector has been observed. The commission recently withdrew its appeal in the lawsuit against Ripple and closed investigations involving major players such as Kraken and Coinbase. The shift in the SEC’s approach has become more evident following the departure of former chairman Gary Gensler and the involvement of the Trump administration.

Since January, the commission has retracted controversial accounting guidelines, concluded various lawsuits against several cryptocurrency exchanges and companies, and established a new task force focused on cryptocurrencies. These changes are believed to create a favorable environment for the sector’s growth in a regulatory-friendly context.

Crypto.com’s Goals and New Partnerships

According to Crypto.com’s announcement, the platform has over 140 million users worldwide. With the closure of the SEC investigation, the exchange is now focusing on new projects. Among these initiatives is a collaboration with Donald Trump’s media company, Trump Media and Technology Group.

Through this collaboration, the parties signed a non-binding agreement to develop exchange-traded funds (ETFs) and similar financial products under the Truth.Fi brand. Although details of this plan remain undisclosed, it could represent a significant step towards making cryptocurrency-based traditional financial products accessible to a broader audience.

Furthermore, Paul Atkins, nominated by Trump for the SEC chairmanship, testified before Congress. Atkins stated that creating a regulatory framework for cryptocurrencies is a “priority goal.” His comments, especially considering his connections with FTX, offer important insights into the future direction of the SEC.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.



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