In a significant move, the U.S. Securities and Exchange Commission (SEC) has closed its investigation into Crypto.com without taking any enforcement action. This decision marks a notable shift in the SEC’s stance on crypto regulation, reflecting a more lenient approach under new leadership.
Background: The Investigation and Lawsuit
The SEC’s investigation into Crypto.com began with the issuance of a Wells Notice in August 2024. A Wells Notice is a formal warning that the SEC may file charges against a company. In response, Crypto.com filed a lawsuit against the SEC in October 2024, alleging regulatory overreach. However, by December 2024, the lawsuit was withdrawn, paving the way for a resolution.
Read More: https://onthenode.com/news/sec-drops-crypto-com-lawsuit-a-shift-in-regulatory-approach
Background: The Investigation and Lawsuit
The SEC’s investigation into Crypto.com began with the issuance of a Wells Notice in August 2024. A Wells Notice is a formal warning that the SEC may file charges against a company. In response, Crypto.com filed a lawsuit against the SEC in October 2024, alleging regulatory overreach. However, by December 2024, the lawsuit was withdrawn, paving the way for a resolution.
Read More: https://onthenode.com/news/sec-drops-crypto-com-lawsuit-a-shift-in-regulatory-approach
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