SEC closes Crypto.com investigation, no further legal action to be taken

Crypto.com announced that the U.S. Securities and Exchange Commission (SEC) has closed its investigation into the company and will not pursue further legal action. This is the last time the SEC has dropped an investigation in recent days.
This is one example of a cryptocurrency company. On the 27th (local time), Crypto.com announced in a statement that the SEC has decided not to take enforcement action against the company.
C has not made its official position clear. Nick Lundgren, Crypto.com's Chief Legal Officer,
"Under the previous administration, the SEC sought to weaponize and expand its powers granted by Congress to crack down on industries that the previous chairman found objectionable," Lundgren said.
"It is unfortunate that we have had to endure years of investigation and even file a lawsuit directly with the SEC to uphold the rule of law," he said.
The SEC has in recent weeks suspended investigations and lawsuits against major cryptocurrency companies, including Kraken and Coinbase. Earlier this month,
It also abandoned its appeal in its lawsuit against Ripple.