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

BlockBeats News, March 28th, FOX Business reporter Eleanor Terrett reported that, according to sources familiar with the matter, 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 exchange.

This development came after the company received a Wells notice from the SEC in October last year, at which time the company responded by proactively suing the agency for alleged overreach. Following Trump's announcement of his intention to appoint crypto-friendly Paul Atkins to succeed Gensler as the next SEC chair, Crypto.com withdrew the lawsuit in December.