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agency of classifying cryptocurrency transactions as securities without proper procedure, though the lawsuit was later withdrawn in December.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…
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