The main legal adviser Crypto.com, Nick Lundgren, said that earlier the exchange received a notification from the regulator that threatened to submit to the platform for alleged violations of securities laws. In October, the leadership of Crypto.com sent a lawsuit against the department, accusing him of violating powers and creating a confusion for the crypto business in the United States. However, in December, Crypto.com withdrew her lawsuit against SEC.
Londgren approved the decision of the current SEC leadership to close the investigation against Crypto.com without imposing any fines. The lawyer noted that the former SEC chairman Gary Gensler did not approve of the crypto industry, so the commission abused the powers granted by the Congress. Nevertheless, Crypto.com remained the only cryptocurrency exchange that managed to avoid judicial persecution by the Sec from the SEC or settlement of any charges, the lawyer emphasized.
“We had to endure this long -term investigation and file our own lawsuit against the SEC in order to protect the rule of law. Crypto.com seeks to honestly comply with legal norms, and we are glad to cooperate with Paul Atkins, which will soon be approved to the post of chairman of the Sec, ”said Nick Lundgren.
In February, the SEC stopped investigating the activities of the American crypto -tank Gemini, which was previously suspected of violating securities laws. The investigation was associated with the Gemini Earn investment program. A few days ago, the SEC completed checks against the Australian company Immutable, developing the Web3 game.
Source: Bits
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