SEC Drops Crypto.com Probe as Agency Pulls Back From Industry Crackdown

From financefeeds.com

Crypto.com says the U.S. Securities and Exchange Commission has closed its investigation into the company, making it the latest — and possibly the last — major crypto platform to see an SEC probe dropped under the Trump administration. In a statement on Thursday, Crypto.com confirmed that the agency would not pursue any enforcement action following a multi-year investigation. The SEC has not yet commented publicly. “Under the previous administration, the SEC weaponized and attempted to expand its congressionally granted power in order to harm an industry that its former chair disfavored,” said Nick Lundgren, ... (full story)