SEC ends Crypto.com investigation without enforcement action
Crypto.com remains the only major exchange not sued or settled with the SEC, following the closure of its investigation without penalties.
The US Securities and Exchange Commission (SEC) has officially closed its investigation into Crypto.com without any enforcement action. In October 2024, Crypto.com filed a lawsuit against the agency, arguing that the SEC had overstepped its authority.
The case was dismissed in December, and the investigation has now ended without any penalties for the platform.
Crypto.com’s Chief Legal Officer, Nick Lundgren, welcomed the closure, criticising the prior SEC leadership for misusing its power against the crypto industry.
CEO Kris Marszalek echoed these sentiments, calling the previous administration’s regulatory approach a ‘war on crypto’. He claimed it aimed to restrict access to banking, auditors, and investors.
Crypto.com, with over 100 global regulatory approvals, is the only major exchange that has neither been sued nor settled with the SEC. The company continues to operate in compliance with key US agencies.
The development reflects a broader shift in the SEC’s approach under acting Chair Mark Uyeda. The agency has recently withdrawn lawsuits against several prominent crypto firms.
It has also established a Crypto Task Force, which will focus on industry regulation in upcoming public discussions.
For more information on these topics, visit diplomacy.edu.
About author
DW Team
The GIP Digital Watch Observatory team, consisting of over 30 digital policy experts from around the world, excels in the fields of research and analysis on digital policy issues. The team is backed by the creative prowess of Creative Lab Diplo and the technical expertise of the Diplo tech team.
