Crypto.com Prevails in SEC Investigation, Vows Continued Regulatory Leadership
The SEC has dropped its probe into Crypto.com without charges, as the company blasted past crackdowns and vowed aggressive global expansion backed by sweeping regulatory approval.
Crypto.com announced on March 27 that the U.S. Securities and Exchange Commission (SEC) has formally ended its investigation into the company without pursuing any enforcement action. The closure follows a 2024 Wells notice issued by the SEC and a subsequent lawsuit filed by Crypto.com, which was dropped in December of that year.
Kris Marszalek, co-founder and CEO of Crypto.com, shared his perspective in a series of posts on social media platform X. He confirmed:
The SEC’s investigation into Crypto.com has been closed with no action being taken against Crypto.com.
Reflecting on the broader challenges faced by the digital asset space, Marszalek added: “I continue to be proud of how this industry and its community have weathered storm after storm, with the most prolific being the previous U.S. administration’s war on crypto.” He further stated: “They used every tool available to attempt to stifle us, restricting access to banking, auditors, investors, and beyond. It was a calculated attempt to put an end to the industry.” Despite these challenges, Marszalek remained optimistic about the sector’s future: “The fact that we not only persevered but became stronger is a testament to our vision and the community supporting it. Onwards!”
Nick Lundgren, Chief Legal Officer at Crypto.com, issued a statement welcoming the outcome: “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.” He criticized the prior administration’s tactics and expressed hope for productive collaboration with incoming SEC Chair Paul Atkins.
Crypto.com noted that it remains the only full-service global cryptocurrency exchange to have neither been sued by the SEC nor settled any charges. The firm highlighted its over 100 regulatory approvals, including licensing from the Financial Crimes Enforcement Network (FinCEN), state money transmitter licenses, and designations from the U.S. Commodity Futures Trading Commission (CFTC). It also operates as a FINRA-registered broker-dealer and a licensed digital asset custodian. The company stressed that it will continue investing in shaping digital-era regulatory systems in the U.S. and beyond.
