SEC Has Officially Closed Investigation into Crypto.com, CEO Says

The U.S. securities regulator has closed its investigation into Crypto.com seven months after sending it a Wells notice.

According to Crypto.com CEO Kris Marszalek, the U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into the company and has taken no action against the cryptocurrency exchange.

The news comes seven months after the SEC sent the crypto platform a Wells notice last August, when it expressed its intention to take legal action against the company.

“They used every tool at their disposal to try to silence us and restrict our access to banking services, auditors, investors, etc. This was a calculated attempt to end this industry,” Marszalek said in a March 27 X-Platform post.

“The fact that we have not only survived but emerged stronger is a testament to the strength of our vision and the community that supports us. Keep going!”

Crypto.com filed a lawsuit against the SEC last October, alleging that the commission, led by Gary Gensler, had overstepped its authority and taken a “misleading” approach to cryptocurrency regulation.