The SEC has announced the dismissal of its case against Crypto.com without any legal charges. This move follows the SEC’s increasingly open stance toward the crypto market, recognizing the industry’s compliance and legitimacy.
SEC Ended Crypto.com Lawsuits
The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Crypto.com without taking any legal action against the exchange.
This decision comes seven months after the SEC issued a Wells Notice to Crypto.com in August 2024, signaling its intent to sue the company.
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
Crypto.com CEO Kris Marszalek shared on X on March 27 that the SEC had used every way to pressure the company, from restricting access to banks, auditors, and investors. He described it as a deliberate effort to stifle the crypto industry. However, he emphasized that Crypto.com overcame the challenge and emerged even stronger after this event.
After receiving the Wells Notice, Crypto.com filed a lawsuit against the SEC in October, accusing the agency, under Gary Gensler’s leadership, of overstepping its authority and taking a misguided approach toward crypto.
Source: Coinpedia
Crypto.com is not the only case benefiting from the SEC’s leniency. This development follows a series of conciliatory actions by the SEC under the new administration. In the past five weeks, the SEC has closed investigations into NFT marketplace OpenSea, NFT firm Yuga Labs, DEX Uniswap, and most recently, gaming platform Immutable, without filing any charges. Lawsuits against Kraken, Ripple, Coinbase, and others have also been dropped.
About Crypto.com
Crypto.com is a leading cryptocurrency platform founded in 2016, and headquartered in Singapore. It aims to accelerate crypto adoption with a mobile app, exchange, and Visa card. Supporting 250+ cryptocurrencies, Crypto.com offers staking, lending, and DeFi integration. Known for security, competitive fees, and rewards, it serves millions of transactions globally.
Crypto.com is also partnering with Trump’s company to launch a series of “Made in America” – themed ETFs this year. Crypto.com will provide infrastructure and custody services for these ETFs, which are expected to include various cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP (XRP), and Cronos (CRO).
