The U.S. SEC has concluded its investigation into Crypto.com without taking any enforcement action

ChainCatcher news, FOX Business reporter Eleanor Terrett reported that, according to informed sources, the U.S. Securities and Exchange Commission (SEC) has officially concluded its investigation into Crypto.com and will not take any enforcement action against the trading platform.

This move comes after the company received a Wells notice from the SEC last October, at which time the company proactively sued the agency, accusing it of overreach in response. After Trump announced his intention to appoint pro-cryptocurrency Paul Atkins to replace Gensler as the next SEC chairman, Crypto.com withdrew the lawsuit in December.