ChainCatcher reports, FOX Business reporter Eleanor Terrett wrote that sources revealed the U.S. Securities and Exchange Commission (SEC) has officially concluded its investigation into Crypto.com and will not take any enforcement actions against the trading platform.

This move came after the company received a Wells Notice from the SEC in October last year, to which the company responded by proactively suing the agency, alleging overreach. After Trump announced his intention to appoint crypto-friendly Paul Atkins to replace Gensler as the next SEC chairman, Crypto.com withdrew the lawsuit in December.