SEC Ends Crypto.com Investigation Amid Shift in U.S. Crypto Regulation  .

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  • The SEC has ended its investigation into Crypto.com without taking enforcement action, signaling a change in regulatory direction. 
  • Crypto.com had filed and later dropped a lawsuit against the SEC, arguing against the classification of cryptocurrencies as securities. 
  • Under the Trump administration, the SEC has withdrawn multiple crypto cases and revised prior enforcement strategies.

Crypto.com confirmed on Thursday that the U.S. Securities and Exchange Commission (SEC) has ended its investigation into the crypto exchange. The company stated that no enforcement action would be taken, bringing a years-long probe to a close. The SEC has not yet issued a formal comment.

The financial services company filed a legal case following receipt of the Wells notice, which hinted at potential legal action. Crypto.com questioned which authority the SEC had to treat most cryptocurrencies as securities. Before the Trump administration initiated regulatory transforming changes, the lawsuit Crypto.com had filed against the SEC was discontinued in December.

Administration Change Alters SEC’s Crypto Stance 

Since the start of the new administration, the SEC has adopted a different approach to regulating digital assets. Multiple investigations and lawsuits involving major crypto firms such as Kraken, Coinbase, Ripple, and Crypto.com have been dropped. The agency also dismissed its appeal in the Ripple case earlier this month.

The SEC’s shift includes ending cases against several platforms and NFT companies, such as Gemini, OpenSea, Yuga Labs, and Immutable. Ongoing litigation involving firms like Tron and Binance has been paused. The agency has also retracted prior crypto-related guidance.

Crypto.com Welcomes End of Probe 

Nick Lundgren, Chief Legal Officer at Crypto.com, criticized the SEC’s earlier actions, stating the company had to defend itself against regulatory overreach. He expressed relief that the matter concluded without charges after a lengthy process.

Paul Atkins, nominated to lead the SEC, addressed lawmakers this week. He emphasized that developing a clear digital asset framework is a priority. His appointment follows the departure of former SEC Chair Gary Gensler, under whom crypto enforcement increased.

New Partnerships Signal Growth Ahead 

Crypto.com, which serves over 140 million users globally, also announced a preliminary partnership with Trump Media and Technology Group. The collaboration aims to launch exchange-traded products under the Truth.Fi brand.

Despite the broader regulatory shift, some firms remain under scrutiny. Unicoin, which received a Wells notice last year, confirmed it is still in the review process and has not received updated feedback from the SEC.





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