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The US Securities and Exchange Commission has officially closed its investigation into Crypto.com, ending a months-long review with no enforcement action or penalties.
The decision positions Crypto.com as the only major global exchange to avoid both lawsuits and settlements with the SEC, as the regulator recalibrates its crypto enforcement priorities under new leadership.
Crypto.com disclosed the development in a blog post dated 27 March, confirming that the SEC’s probe had been formally concluded.
The investigation initially stemmed from regulatory concerns raised by the agency’s previous administration.
Crypto.com avoids SEC penalties
Crypto.com remains the only major platform that has not faced SEC litigation or agreed to settlements over securities violations.
The exchange had previously sued the agency in response to a Wells notice, but the case was dropped in December without resolution.
According to the exchange, this outcome underscores its long-standing compliance efforts.
It currently holds over 100 regulatory approvals across multiple jurisdictions, including money transmitter licences in more than 40 US states.
The company is also registered with several key agencies, such as the Financial Crimes Enforcement Network (FinCEN), the Commodity Futures Trading Commission (CFTC), and the Financial Industry Regulatory Authority (FINRA).
The blog post described the outcome as a “positive signal” for the company’s global regulatory strategy and ongoing engagement with government agencies.
SEC drops multiple crypto lawsuits
The closure of the Crypto.com investigation is part of a broader shift in the SEC’s approach to crypto regulation.
Under acting chair Mark Uyeda, the commission has begun rolling back enforcement-led actions initiated by the previous leadership.
In recent weeks, the SEC has dropped lawsuits or enforcement actions against several firms, including Coinbase, Consensys, Robinhood, OpenSea, Immutable, and Uniswap.
The agency has also launched a Crypto Task Force, led by Commissioner Hester Peirce.
The task force plans to hold public roundtables to gather feedback on key industry issues such as decentralised finance, custody rules, and the classification of digital assets.
The goal appears to be a more collaborative and transparent approach to regulatory policymaking in the crypto sector.
This new direction contrasts sharply with the former SEC leadership’s more aggressive posture, which industry stakeholders often criticised as an attempt to restrict crypto companies’ access to essential services like banking, auditing, and investment partnerships.
Crypto.com’s global reach
Crypto.com’s resilience in the face of regulatory scrutiny can also be attributed to its proactive engagement with compliance frameworks globally.
Beyond the US, the exchange holds virtual asset service provider (VASP) licences or equivalent approvals in jurisdictions across Europe, Asia, and the Middle East.
Its global expansion strategy has included gaining market access through local compliance, a move that distinguishes it from competitors who have opted for broader legal challenges.
This has helped the firm maintain uninterrupted operations while others faced court-imposed restrictions or penalties.
CEO Kris Marszalek reacted to the SEC decision via a post on X dated 28 March, suggesting the previous regulatory environment had aimed to suppress crypto innovation.
I continue to be proud of how this industry and its community have weathered storm after storm, with the most prolific being the previous U.S. Administration’s war on crypto.
However, the current developments indicate a more open stance, as federal agencies reevaluate how digital assets should be monitored and integrated into existing financial systems.
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