Crypto.com CEO Says SEC Dropped Investigation Without Penalty, CRO Surges 8%
Crypto.com CEO Kris Marzalek said that the US Securities and Exchange Commission (SEC) has closed its investigation into the crypto exchange without imposing a penalty or taking any legal action. ”They used every tool available to attempt to stifle us, restricting access to banking, auditors, investors, and beyond,” he said in a March 27 X post . “It was a calculated attempt to put an end to the industry.” Crypto.com Accuses The SEC Of A “Misguided” Approach To Digital Asset Regulation The SEC’s decision to close its investigation into Crypto.com comes after the agency issued a Wells notice to the company in August that signaled its intention to take legal action against the crypto exchange. Crypto.com responded by filing a lawsuit against the SEC in October. In its filing, the exchange accused the then Gary Gensler-led agency of overstepping its authority and taking a “misguided” approach to crypto regulation. CRO...