KEY TAKEAWAYS
- The SEC has closed its investigation into Crypto.com without any enforcement action, marking a significant regulatory relief for the company.
- Crypto.com has successfully avoided lawsuits or settlements with the SEC, highlighting its strong regulatory compliance across global operations.
- With over 100 regulatory approvals worldwide, Crypto.com continues to support the development of suitable regulatory frameworks for the digital economy.
United States, March 27, 2025 – The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Crypto.com, deciding not to file any enforcement action against the company. This development follows a Wells notice issued to Crypto.com by the SEC and a subsequent lawsuit filed by Crypto.com against the SEC in October 2024. The lawsuit was later dropped by Crypto.com in December 2024.
Nick Lundgren, Chief Legal Officer of Crypto.com, commented on the resolution, stating, “We are pleased that the current SEC leadership has made the decision to close its investigation into Crypto.com with no enforcement action or settlement.” Lundgren criticized the previous SEC administration, alleging that it attempted to expand its power to harm the cryptocurrency industry. He expressed relief at the conclusion of the investigation and anticipation for collaboration with the soon-to-be-confirmed SEC Chair Atkins.
Crypto.com’s Regulatory Compliance and Global Operations
Crypto.com has distinguished itself as the only full-service global cryptocurrency exchange to avoid lawsuits or settlements with the SEC. The company maintains over 100 regulatory approvals worldwide, including registration as a money services business with the Financial Crimes Enforcement Network (FinCEN), more than 40 state money transmitter licenses, and registration as a designated contract market (DCM) and derivatives clearing organization (DCO) with the Commodity Futures Trading Commission (CFTC). Additionally, Crypto.com is a FINRA-registered broker-dealer and a licensed qualified custodian for digital assets.
The company remains committed to supporting the development of regulatory frameworks suitable for the digital economy and continues to invest in its U.S. operations. Crypto.com aims to advance its business while ensuring compliance and integrity in its operations.
For more information, the official announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Crypto.com without pursuing any enforcement actions, marking a significant regulatory milestone for the company.
Recent industry reports indicate a shift towards clearer regulatory frameworks in the crypto sector, with the SEC’s approach becoming more collaborative. This aligns with the SEC’s decision to close its investigation into Crypto.com, potentially enhancing market stability and investor confidence.
As per insights from a Consumer Financial Services Law Monitor report, the SEC’s evolving role in cryptocurrency enforcement is focusing on clarity and sensible regulation. This supports the impact of the SEC’s decision on Crypto.com, suggesting a more predictable regulatory environment for crypto businesses.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
