SEC Drops Cases Against Crypto.com, Kraken, Consensys
The U.S. Securities and Exchange Commission (SEC) has officially closed a number of cases against the crypto industry, including Crypto.com, Kraken, and Consensys.
In a statement, Crypto.com revealed that the regulator had dropped its case and will not file enforcement against it.
“We are pleased that the current SEC leadership has made the decision to close its investigation into Crypto.com with no enforcement action or settlement,” said Nick Lundgren, Chief Legal Officer of Crypto.com.
“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. It is unfortunate that we were forced to endure this years-long…
