Crypto.com Investigation Officially Closed
Crypto.com announced on Thursday that the U.S. Securities and Exchange Commission (SEC) had officially closed its investigation into the exchange with no enforcement action taken. This makes Crypto.com the latest crypto firm to escape legal scrutiny after a lengthy probe.
In response, Nick Lundgren, Crypto.com’s Chief Legal Officer, called the investigation “unnecessary” and criticized the previous SEC leadership for aggressively targeting crypto companies.
Breaking: Journalist Eleanor Terrett shared the news on X (Twitter):
🚨SCOOP: The @SECGov has officially closed its investigation into @cryptocom with no enforcement actions being brought against the exchange, according to a source close to the matter.
— Eleanor Terrett (@EleanorTerrett) March 27, 2025
The move comes after the company received a Wells notice from the SEC in October of last year,…
🚨SCOOP: The @SECGov has officially closed its investigation into @cryptocom with no enforcement actions being brought against the exchange, according to a source close to the matter.
— Eleanor Terrett (@EleanorTerrett) March 27, 2025
The move comes after the company received a Wells notice from the SEC in October of last year,…
Crypto.com’s Legal Battle with the SEC
Crypto.com’s legal fight with the SEC began in October 2024, when it received a Wells notice, signaling potential enforcement action. In response, the exchange sued the SEC, arguing that the agency was overstepping its authority by treating most cryptocurrencies as securities.
However, the company withdrew its lawsuit in December, just after Donald Trump’s administration announced its pick for the next SEC chair, Paul Atkins. Since then, the SEC has softened its approach, dropping cases against Coinbase, Kraken, and Ripple.
Kris Marszalek, Crypto.com’s CEO, reacted to the case closure, reaffirming the company’s commitment to compliance:
The SEC’s investigation into https://t.co/pFc4Pz9nFR has been closed with no action being taken against https://t.co/pFc4Pz9nFR.
— Kris | Crypto.com (@kris) March 27, 2025
The SEC’s investigation into https://t.co/pFc4Pz9nFR has been closed with no action being taken against https://t.co/pFc4Pz9nFR.
— Kris | Crypto.com (@kris) March 27, 2025
What This Means for Crypto Regulation
Under the Trump administration, the SEC has taken a new direction, shifting away from legal battles and toward regulatory clarity. In just a few months, investigations into multiple crypto firms have been dropped, including cases against:
- Coinbase
- Kraken
- Ripple
- Crypto.com
Crypto.com’s Compliance & Future Plans
Despite the legal challenges, Crypto.com has maintained one of the strongest compliance records in the industry, with over 100 regulatory approvals worldwide. With this SEC case behind it, the company now plans to:
- Expand its U.S. operations
- Collaborate with regulators on crypto-friendly policies
- Strengthen global compliance efforts
