FUD Alert: Crypto.Com Potentially Next in Line for Regulatory Scrutiny, Following Bittrex U.S. 

U.S. financial regulators, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have been increasingly focusing on the digital asset industry, raising concerns over regulatory clarity. 

Singapore-based Crypto.com may be the latest digital asset exchange to face potential investigation and possibly wind up its U.S. operations. Is it true or a FUD?

James Deaton on Crypto.com

Attorney James Deaton, who serves as Amicus Curiae in the ongoing SEC vs Ripple lawsuit, attempted to clarify the situation regarding Crypto.com‘s alleged winding up. Deaton emphasized that the industry is mistaken if it believes Coinbase was the only exchange to receive a Wells Notice from the regulatory watchdogs. He hinted that other exchanges, including Crypto.com, could also face similar warnings.

Is This Information Verified?

Prominent Twitter account Whalechart, with over 290k followers, initially tweeted that crypto exchange #CryptoCom is under investigation by U.S. government agencies and may collapse or cease operations in the U.S. This tweet was subsequently shared by several accounts, including john e deaton john e deaton john EntrepreneurHostMarket Analyst , amplifying the potential misinformation. In response, Kris Marszalek Kris Marszalek   Kris Marszalek is a Polish entrepreneur and crypto influencer. He is the founder and CEO of Crypto.com, a Singapore-based crypto and payments platform. He wants cryptocurrency accessible to everyone and sees a need for crypto policies for smoother functioning.   Quick Facts   Full name Kris Marszalek Birth 1977, Poland Nationality Polish Education Degree from Adam Mickiewicz University, Poznań Marital status To be updated Net worth Estimated in millions   Marszalek is also the CEO of Foris, a company that uses blockchain technology to build innovative applications. He also co-founded Cronos (CRO), a native token that he connected to Crytpo.com.   Kris Marszalek - Career Timeline   2004 – Co-founded Starline Polska, an e-commerce business. 2013 – Became CEO of Ensogo, leading digital commerce expansion. 2016 – Co-founded Monaco, a crypto payments platform (later Crypto.com). 2017 – Launched Monaco’s MCO token, raising $26.7M in ICO. 2018 – Rebranded Monaco to Crypto.com, expanding blockchain services. 2020 – Introduced Crypto.com Visa Card, boosting crypto adoption. 2021 – Crypto.com secured naming rights for Crypto.com Arena ($700M deal). 2022 – Expanded Crypto.com Exchange, listing top blockchain projects. 2023 – Strengthened Web3 & DeFi initiatives for mainstream adoption. 2024 – Advocates for regulatory clarity & mass crypto adoption globally.   Kris led Crypto.com to significant expansion, compiling a user base of over 80 million people globally. It also offers a variety of services such as cryptocurrency trading, decentralized finance (DeFi), non-fungible tokens (NFTs), and Visa crypto cards.   Useful Links to Connect With Kris Marszalek   Platform Link X (formerly Twitter) https://twitter.com/Kris_HK LinkedIn profile https://www.linkedin.com/in/krismarszalek Crypto.com website https://crypto.com Youtube Channel https://www.youtube.com/c/Cryptocom     EntrepreneurChief Executive Officer CEO of Crypto.com, debunked the claims, stating that the information was false and urged people to report ‘Whalechart’ for spreading misinformation. 

U.S. Risks Losing Crypto Firms Due to Lack of Clarity

The regulatory overreach by the SEC and CFTC has been criticized by crypto industry leaders, who argue that the United States may lose several crypto firms due to the lack of regulatory clarity. As Bittrex U.S. prepares to wind up its operations, it remains to be seen how the regulatory landscape will evolve and what impact this will have on the broader crypto industry.

Also Read: Here’s Why Policymakers Have Been Reluctant To Regulate Cryptocurrency