😂SEC’s Crypto.com Probe Ends: No Fines, No Fun?😂

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Well, well, well, would you look at that? The U.S. Securities and Exchange Commission has officially thrown in the towel on theirCrypto.com investigation. No fines, no slaps on the wrist, nada. 🙌

In a blog post that probably had a few backflips, Crypto.com announced the big news on Mar. 27. Remember that Wells notice they got? And then they sued the SEC in October 2024? Yeah, that lawsuit got tossed out like yesterday’s leftovers in December. And now, the investigation is over. No harm, no foul. 🚫🏆

Nick Lundgren, the Chief Legal Officer at Crypto.com, was all smiles, saying:

“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 then took a little jab at the previous SEC leadership, claiming they were throwing shade at the crypto industry like it was their job. 

Kris Marszalek, the CEO of Crypto.com, also had some choice words on Mar. 28. He called the previous administration’s regulatory stance a “war on crypto.” Talk about drama! He said they tried to strangle the industry by making it hard to get banking, auditors, and investors. 🗡️🏦

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.

— Kris | Crypto.com (@kris) March 27, 2025

Crypto.com is still the cool kid on the block – the only major global cryptocurrency exchange that hasn’t been sued by the SEC or settled with them. They’ve got over 100 regulatory approvals worldwide, including state money transmitter licenses in over 40 U.S. states. Not too shabby! 🌟

And they’ve got all the right badges too, registered with the Financial Crimes Enforcement Network, the Commodity Futures Trading Commission, and the Financial Industry Regulatory Authority. 📜🏦

The SEC’s decision to close the investigation is right in line with their new “chill” approach under acting Chair Mark Uyeda. They’ve backed off on lawsuits against OpenSea, Uniswap, Coinbase, Consensys, Robinhood, Gemini, and Immutable. 🎉

Oh, and they’ve even set up a Crypto Task Force, led by Commissioner Hester Peirce. They’re planning public roundtables on key industry regulatory topics. Because what’s a crypto party without a roundtable discussion? 🎈🗣️

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2025-03-28 08:43