According to reports, the U.S. Securities and Exchange Commission (SEC) has officially closed its investigation case against Crypto.com without taking any legal action. This case is one of several cases that SEC has resolved in recent weeks. Similar cases against Coinbase, Kraken, and Ripple have also ended without any consequences. Some analysts believe that Donald Trump, the U.S. President, is keeping his promise to support the digital currency industry and is working to make this sector a fully transparent and legal part of the U.S. economy. In line with this, Trump had previously announced that if he won the election, he would appoint Paul Atkins, a cryptocurrency advocate, as the new SEC chairman. The Crypto.com case started in October 2024. Unlike other exchanges seeking agreements with regulatory bodies, Crypto.com chose to fight back. The exchange filed a complaint against the SEC in December, accusing the agency of abusing its powers. However, following political changes in the government, this complaint was withdrawn. Crypto.com has received over 100 regulatory approvals from financial authorities worldwide and operates under the careful watch of legal entities in the U.S. Hence, it is one of the few exchanges that has navigated through this crisis without paying fines or facing legal actions from the SEC. Now that this case is closed, Crypto.com will focus on expanding its operations in the U.S. and collaborating with lawmakers to draft more transparent and innovation-friendly regulations. You can track the real-time prices of all tokens and cryptocurrencies on the momentary digital currency price page.
