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Crypto.com Clears SEC Inquiry without Penalty, Prepares for Significant ETF Debut

Crypto.com Dodges SEC Action, Fortifies Cryptocurrency Influence through Impending "Made in America" ETF Association

Crypto.com Clears SEC Inquiry without Penalty, Prepares for Significant ETF Debut

In a triumphant announcement, Crypto.com's CEO, Kris Marszalek, declared the end of the Securities and Exchange Commission's (SEC) investigation without any enforcement action on March 27. The brand, known for its resilience, had weathered a storm of restrictions on banking, auditors, and investors - an attempt to suffocate the crypto industry.

Marszalek expressed, "[The SEC] used every tool available to try and put an end to the industry, but we persevered, and became stronger. This is a testament to our vision and the community supporting it."

The investigation had its roots in a Wells notice issued in August, hinting at potential legal action. Crypto.com stood firm, eventually filing a lawsuit in October, alleging overreach by the SEC's then-chair, Gary Gensler.

Nick Lundgren, Crypto.com's chief legal officer, welcomed the resolution and criticized the previous administration for what he deemed an abuse of power to undermine the crypto industry.

The SEC's new approach under Acting Chair Mark Uyeda and potential future chair, Paul Atkins, has become more cooperative towards crypto firms. The establishment of a Crypto Task Force and the dismissal of cases against Coinbase, Consensys, Robinhood, Uniswap, and Cumberland DRW, as well as the rescinding of the controversial rule requiring financial firms to record crypto holdings as liabilities, are examples of this shift.

In other business news, Crypto.com has partnered with Trump Media to introduce a series of "Made in America"-themed exchange-traded funds (ETFs), aiming to make a mark in the evolving crypto investment landscape. The funds, which could include tokens like Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP, and Cronos (CRO), signal Crypto.com's ambition to grow in the coming months.

While the SEC has shown signs of a more collaborative regulatory framework, the details of the investigation's closure remain unclear. However, the cooperative stance may pave the way for a less tumultuous future for crypto firms like Crypto.com.

Marszalek stated, "Our vision and the community's support enabled us to resist the SEC's attempts to limit the crypto industry, showcasing the resilience of technology-driven finance and investing."

In the face of a more cooperative SEC, Crypto.com, with its new partnerships in finance and technology, like the collaboration with Trump Media for themed ETFs, is poised to expand further in the investment landscape.

Crypto.com avoids SEC intervention, bolsters cryptocurrency influence through forthcoming partnership with

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