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In a recent update from COINOTAG News on March 28th, it has been reported by FOX Business journalist Eleanor Terrett that the U.S. Securities and Exchange Commission (SEC) has wrapped up its investigation into Crypto.com without pursuing any enforcement actions against the cryptocurrency exchange. This significant announcement follows a Wells notice issued to Crypto.com in October of the previous year, leading the company to take a bold step by filing a lawsuit against the SEC for what it claimed was regulatory overreach. The situation saw a shift post the declaration by former President Trump regarding the appointment of pro-cryptocurrency advocate Paul Atkins to replace Gary Gensler as the SEC’s next chairman. Consequently, in December, Crypto.com decided to withdraw its lawsuit, indicating a potential alignment with forthcoming regulatory strategies.
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