Cronos, CRO, jumps as SEC drops investigation into Crypto.com
- The SEC has dropped its investigation into crypto exchange Crypto.com without pressing charges.
- The move follows the exchange dropping its suit against the agency last December.
- CRO is up 10% following the announcement.
Cronos (CRO), the native token of crypto exchange Crypto.com, rallied more than 10% on Thursday after announcing that the Securities & Exchange Commission (SEC) has dropped its investigation into the company.
SEC concludes investigation into Crypto.com with no legal proceeding
Crypto.com stated in a press release that the SEC has ended investigating its business with no intention of pursuing legal actions.
This marks another win for the crypto industry under the new SEC administration —…
