US EditionTrump Media Partner Crypto.Com Announces End Of SEC Enforcement Action, Native Token Soars 12%
- On Thursday, Crypto.com announced that the SEC closed its investigation into the company with no enforcement action or settlement, as confirmed by CEO Kris Marszalek.
- The SEC's investigation began last year and included a Wells notice issued in August 2024, signaling potential legal action for allegedly offering unregistered securities.
- In October 2024, Crypto.com filed a lawsuit against the SEC, alleging regulatory overreach and accusing the agency of classifying cryptocurrency transactions as securities without proper procedure, though the lawsuit was later withdrawn in December.
- According to Crypto.com's Chief Legal Officer Nick Lundgren, the company is pleased with the SEC's decision to close the investigation, while CEO Kris Marszalek stated on March 27 that the SEC used every tool available to attempt to stifle Crypto.com, restricting access to banking, auditors, and investors.
- Following the announcement, Cronos , Crypto.com's native token, experienced a price increase of over 10%, extending its weekly gains to over 40%, and at the time of writing was exchanging hands at $0.1133, up 12.46% in the last 24 hours.
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Bitcoin and ether drop amid grim inflation outlook, tariff uncertainty: CNBC Crypto World
On today's show, bitcoin and ether fall to end the week amid uncertainty over tariffs and a grim inflation outlook. Plus, Crypto.com CEO Kris Marszalek said that the SEC is closing its investigation into the crypto exchange, while Galaxy Digital agreed to pay $200 million in a settlement with the New York Attorney General's office over Luna investments. And, Ava Labs president John Wu weighs in on recent regulatory advancements in crypto.
Trump Media Partner Crypto.Com Announces End Of SEC Enforcement Action, Native Token Soars 12%
Crypto.com's native token Cronos (CRYPTO: CRO) surged to the top of the gainers list on Thursday after the firm announced that the SEC would not take any enforcement action against it. What happened: Kris Marszalek, the company's CEO, said on X, "The SEC's investigation into Crypto.com has been closed with no action being taken against Crypto.com." The SEC didn't immediately respond to Benzinga's request for comment. The SEC's investigation int…
Crypto.com Says the SEC Investigation Has Been Shut Down With No Plan To Take Legal Action
Quick Take:- • The SEC decided not to file any action against Crypto.com. • Crypto.com faced a lawsuit by the SEC in October of last year. Crypto.com clearly said that their investigation for the exchange is closed by the U.S. Securities and Exchange Commission (SEC), and this is the last crypto company whose investigation is closed by this regulatory body. According to the reports, a statement was made on Thursday that Crypto.com said that th…
SEC Closes Investigation Into Crypto.com With No Action Taken, Marking Win for Crypto Industry - CryptoShrypto
The U.S. Securities and Exchange Commission (SEC) has officially ended its investigation into Crypto.com with no enforcement action taken, according to CEO Kris Marszalek. In a March 27 post on X, Marszalek claimed the company had faced a coordinated effort to shut it down. “They used every tool available to attempt to stifle us—banking, auditors, investors, and more,” he wrote. “The fact that we not only persevered but became stronger is a test…
CRO Coin Price Spikes, Then Turns Red As Risk Aversion Rules
Cronos Coin (CRO) price traded upwards for the second successive day on Friday, defying a broader market slump following a major development in an investigation lodged against the token’s issuer, Crypto.com. The coin hit a three-day high of $0.1147 before subsiding to trade at $0.1069 at the time of writing. CRO issuer Crypto.com announced on Thursday that the Securities and Exchange Commission (SEC) closed its case against it, with no enforceme…
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