Crypto News: After Ripple Case, SEC Closes Crypto.com Probe With No Action

U.S SEC vs Crypto.com: The U.S. SEC has officially closed its investigation into Crypto.com without taking any action. Journalist Eleanor Terrett broke the news on X, and the exchange’s CEO confirmed it, highlighting Crypto.com’s strong compliance record.

With a series of Crypto cases dropped by the SEC, it seems Donald Trump is keeping his promise to bring crypto to the forefront and make it a mainstream financial asset with clear rules. But before that, he is clearing the mess created under Biden and Gary Gensler.

This follows similar cases of drop against Coinbase, Kraken, and Ripple. Being one of the compliant exchanges in the industry, Crypto.com has not bowed down to the SEC’s manipulative act and fights back to snatch this victory. 

This comes after the SEC issued a Wells notice to Crypto.com in October 2024, signaling a possible lawsuit. In response, the exchange fought back by suing the agency for overstepping its authority. However, in December, Crypto.com withdrew its lawsuit after President Donald Trump announced his intention to appoint pro-crypto figure Paul Atkins as the next SEC chair. 

Crypto.com’s Response

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

Nick Lundgren, the company’s Chief Legal Officer, called the investigation unnecessary and praised the decision to close it. He criticized the previous SEC leadership for its aggressive stance against crypto, saying it forced the industry into legal battles rather than providing clear regulations.

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

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Crypto.com’s Compliance Record Stands Strong

Throughout its legal fight, Crypto.com has maintained a strong compliance track record. The exchange has secured over 100 regulatory approvals worldwide and continues to operate within strict financial guidelines. This includes approvals from U.S. financial watchdogs, making it one of the most regulated platforms in the industry.

With the SEC case behind it, Crypto.com is now focused on working with regulators to shape fairer policies for the crypto industry. The company reaffirmed its commitment to expanding its U.S. operations and pushing for clearer, innovation-friendly regulations.