SEC Ends Crypto.com Probe, No Action Taken by Regulator

The U.S. Securities and Exchange Commission (SEC) has ended its investigation into Crypto.com and decided not to take any action against the well-known cryptocurrency exchange. Kris Marszalek, the boss of Crypto.com, was happy about this news. He said it showed how strong his company was, even when facing tough rules from the government.

In a post on X on March 27, Marszalek wrote, “They tried everything to stop us. They blocked our access to banks, accountants, and people who might invest money. It felt like they wanted to kill the whole crypto business.” He went on, “But we didn‘t give up. We got stronger. This proves our ideas are good and that people support us. Let’s keep going!”

The SEC had warned Crypto.com in August 2024 that it might face a lawsuit, but that was seven months ago. Things have changed with new people in charge. Nick Lundgren, the top lawyer at Crypto.com, said on March 27, “We‘re glad the SEC’s new leaders chose to end this investigation.” He also complained that the old boss, Gary Gensler, had gone too far in trying to control crypto companies.

Crypto.com fought back by suing the SEC in October 2024. They said Gensler‘s team was making unfair rules and didn’t understand how crypto should work.

Lately, the SEC has been dropping its fights with other crypto businesses too. In the last five weeks, it let go of cases against big names like Coinbase, Consensys, Robinhood, Gemini, Uniswap, OpenSea, and Immutable. On March 27, it also ended a case against Cumberland DRW for good.

Since Mark Uyeda became the temporary SEC head on January 20, 2025, after Gensler quit, the agency has started to like crypto more. They made a new group, led by Commissioner Hester Peirce, to help crypto grow. On January 23, they also got rid of a rule that forced money companies to call crypto if they held a debt, which crypto folks really liked.

Crypto.com is now planning for the future. On March 24, it teamed up with Trump Media to start “Made in America” exchange-traded funds (ETFs) later this year. Theyll use their system to hold crypto coins, like Bitcoin. With Paul Atkins, picked by Trump to lead the SEC, close to getting the job despite some delays over his money details, it looks like crypto could keep growing.