Crypto.com has announced that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the company without pursuing any legal action. The seven-month probe, which began with a Wells notice issued over Crypto.com’s token sales, has now formally ended, the company revealed in a press release.
The inquiry, launched in October 2024, had scrutinized Crypto.com’s practices around token offerings, raising concerns over compliance with U.S. securities laws. In response, the company filed a lawsuit against the SEC, accusing the regulator of overreach and obstructing innovation. That lawsuit was later dropped in December 2024, as both parties sought resolution.
The SEC’s decision to close the case reflects what some analysts see as a shift in the agency’s approach under Acting Chair Mark Uyeda. Uyeda has emphasized the need for a collaborative and clear regulatory framework for digital assets, signaling a departure from previous enforcement-heavy policies.
Crypto.com CEO Kris Marszalek welcomed the outcome, calling it a “validation” of the company’s commitment to compliance. Marszalek also criticized prior regulatory actions, alleging a deliberate effort to stifle the crypto sector, particularly through limited access to essential financial services.
With over 100 regulatory approvals globally, Crypto.com has positioned itself as a leader in compliance. Analysts view the resolution as a significant victory, not only for the exchange but also for the broader cryptocurrency ecosystem.
Shogun Lin
