SEC Closes Probe Into Crypto.com, Native Token Fails to Maintain Upward Momentum as Cronos Slips 1.50%
Key moments
- The SEC has officially terminated its investigation into Crypto.com.
- Cronos fell 1.50% to $0.1049 on Friday following yesterday’s 10% surge.
- The SEC’s decision to conclude its inquiry into Crypto.com is the latest in a series of withdrawals from cryptocurrency-related investigations.
Crypto.com Cleared by SEC, Cronos Token’s Rally Falters
The U.S. Securities and Exchange Commission (SEC) has concluded its probe into Crypto.com without initiating enforcement proceedings, according to Crypto.com CEO Kris Marszalek. This development triggered a notable surge in the platform’s native token, Cronos (CRO).
Crypto.com received a Wells Notice from the SEC in August 2024, which prompted the exchange to file a lawsuit against the…
