U.S SEC vs Crypto.com : The U.S. SEC has officially closed its investigation into Crypto.com without taking any action.

Fox Business journalist Eleanor Terrett broke the news on X, and the exchange's CEO confirmed it, highlighting Crypto.com's strong compliance record.

The U.S. SEC has officially closed its investigation into Crypto.com without taking any action, a development that follows a similar pattern with Coinbase (NASDAQ:), Kraken, and Ripple (X:).

Eleanor Terrett, a journalist with Fox Business, announced the closure of the SEC’s case against Crypto.com on X. The exchange’s CEO, Kris (@Kris__888), later confirmed it, highlighting Crypto.com’s strong compliance record throughout the investigation.

U.S. SEC has closed its probe into Crypto.com without taking any action, an exchange exec confirms.

The agency had opened an investigation into the exchange in October 2024 and issued a Wells notice, signaling a possible lawsuit.

But, ahead of Trump’s move to bring in pro-crypto Paul Atkins…

— Eleanor Terrett (@EleanorTerrett) August 28, 2024

Last October, the SEC issued a Wells notice to Crypto.com, hinting at a possible lawsuit for allegedly selling unregistered securities through its crypto products. In response, the exchange filed a lawsuit against the agency in December, accusing it of overstepping its authority and attempting to claim powers that Congress never granted. However, in December, Crypto.com decided to withdraw its lawsuit.

This move came after President Donald Trump announced his intention to appoint pro-crypto figure Paul Atkins as the next SEC chair. With Trump’s administration known for its stance against deep state agencies overstepping their boundaries, this development signaled a shift in favor of crypto.

Crypto.com’s legal troubles with the SEC began when regulators began cracking down on multiple crypto firms. Unlike other exchanges that faced lawsuits or settlements, Crypto.com stood its ground, arguing that the SEC was maliciously targeting the industry.

Nick Lundgren, the company’s Chief Legal Officer, called the probe an “unnecessary distraction” and praised the decision to close it. He also criticized the previous SEC leadership for its “unwarranted aggression,” which he said forced the industry into legal battles instead of allowing for the creation of clear regulations.

With this case closed, Crypto.com remains one of the few global crypto exchanges to have fully avoided any penalties or legal action from U.S. regulators.

Crypto.com’s Compliance Record Stands Strong

Throughout its legal battle with the SEC, Crypto.com has maintained a strong track record of compliance. The exchange has secured over 100 regulatory approvals across the globe and continues to operate within strict financial guidelines in the U.S., a fact that has been acknowledged by regulators.

These approvals include those from the U.S. financial watchdogs, setting it apart as one of the most regulated platforms in the industry.

After a tumultuous period marked by regulatory disputes, Crypto.com is now focused on working closely with regulators to shape “fairer policies” for the crypto industry. The company also expressed its commitment to expanding its U.S. operations and advocating for clearer, innovation-friendly regulations.