Summary
- The US SEC reportedly concluded its investigation into Crypto.com without imposing sanctions.
- The investigation began with the SEC's issuance of a Wells Notice, and Crypto.com claimed abuse of jurisdiction.
- Crypto.com's lawsuit was withdrawn after a pro-cryptocurrency individual was nominated as the SEC Chairman.
The United States Securities and Exchange Commission (SEC) has reportedly officially concluded its investigation into the cryptocurrency exchange Crypto.com.
On the 28th (local time), according to sources cited by Eleanor Terrett, host of Crypto in America, the SEC has decided to end its investigation into Crypto.com without imposing any sanctions.
This investigation began in October last year when the SEC sent a Wells Notice to Crypto.com. In response, Crypto.com filed a lawsuit, claiming abuse of jurisdiction by the SEC. However, the lawsuit was withdrawn shortly after Paul Atkins, who is known to be pro-cryptocurrency, was nominated as the SEC Chairman in December.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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