Crypto.com Officially Announces the End of its SEC Investigation:
Crypto.com recently joined the list of companies that the US Securities and Exchange Commission (SEC) withdrew its investigation against.
In an official statement, Crypto.com stated that the SEC will not file a lawsuit against the company and that it has dropped its investigations, which it was preparing for legal action.
It is worth noting that since the new US President, Donald Trump, took office, the outlook on the crypto market has changed, and the United States has become more accepting of digital currencies, as evidenced by the relaxed policies toward companies operating in the sector.
The SEC chairman and several other staff members have also been replaced by others more open and accepting of cryptocurrencies and blockchain. Nika Lundgren, Crypto.com's chief legal officer, commented on this in a statement:
Under the previous administration, the SEC abused its congressionally mandated authority and attempted to expand it to harm an industry the previous chairman disliked.
Immediately after the announcement of the conclusion of the SEC's investigation into Crypto.com, the price of the platform's cryptocurrency, CRO, rose positively in response to the news.
