According to the company’s general director, Kris Marszalek, the USA, the American Securities and Exchange Commission officially closed the investigation into the Crypto.com case, without any action against cryptographic exchange.
“They used every tool available to suppress us, limiting access to banking, auditors, investors and not only. It was a calculated attempt to put the end of the industry”, marshal he said In the post of March 27 X.
“The fact that we not only persecuted, but we have become stronger, is a testimony to our vision and community that supports it. Initially!”
Seven months are coming after SEC issued a Wells notification on the cryptographic platform in August, signaling the intention to take legal action against the company.
We are glad that the current management of SEC has decided to end the investigation in the Crypto.com case “,” in addition Legal Director Crypto.com Nick Lundgren in a statement of March 27, who accused the previous administration of abuse of the rights to hurt the cryptographic industry.
Source: Kris Marszalek
Crypto.com had filed A lawsuit against SEC in October, two months after Well, Wells, accusing the commission by Gary Gensler of exceeding her authority and taking a “incorrect” approach to regulation of cryptocurrencies.
SEC will still withdraw previous enforcement activities
The announcement of Crypto.com takes place after a wave of other investigations in the cryptocurrency and lawsuits dropped by SEC in the last five weeks that have affected such as Coinbase, Consenses, Robinhood, Gemini, Uniswap, Opensea, and recently unchanged.
Sec released His operation in the field of civic enforcement against the Cumberland DRW Cryptographic Commercial Company with a prejudice on March 27.
Related: Ripple will fall in the SEC case, will receive a refund from the decision of the lower courts
Sec adopted a much more genial approach since Mark Uyeda began to run the commission as chairwoman on January 20 after the resignation of former chairman Gary Gensler. SEC has established a cryptocurrency task group under the leadership of Commissioner Sec Hester Peirce to support this modern approach.
This also canceled the controversial principle that asked financial companies with crypto to register them as commitments in their balance sheets on January 23.
Paul Atkins, nominated to the chairman of Trump Sec, is approaching the modern SEC leader after he initially refrains from financial disclosures.
Meanwhile, Crypto.com established on March 24 from Trump Media to start a series of “Made in America” funds.
Crypto.com will provide infrastructure and care services for the supply of cryptographic tokens for ETFs, which may contain a basket of tokens, including Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP (XRP) and Cronos (CRO).
Warehouse: Referring Sec at cryptography leaves key questions unanswered
