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Trump meets with Cryptocom CEO as firm drops SEC lawsuit

The meeting came the same day Cryptocom dropped its lawsuit against the US Securities and Exchange Commission (SEC). In a Dec. 16 filing in the US District Court for the Eastern District of Texas, the crypto exchange voluntarily dismissed a suit against the SEC and its commissioners with prejudice.

After receiving a Wells notice — warning of potential enforcement action — Marszalek said in October that the exchange would be filing a suit against the SEC “to protect the future of crypto.” A Crypto.com spokesperson told Cointelegraph that the firm withdrew the lawsuit “given [its] intent to work with the incoming administration on a regulatory framework for the industry.”

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Trump meets with Cryptocom CEO as firm drops SEC lawsuit

The meeting came the same day Cryptocom dropped its lawsuit against the US Securities and Exchange Commission (SEC). In a Dec. 16 filing in the US District Court for the Eastern District of Texas, the crypto exchange voluntarily dismissed a suit against the SEC and its commissioners with prejudice.

After receiving a Wells notice — warning of potential enforcement action — Marszalek said in October that the exchange would be filing a suit against the SEC “to protect the future of crypto.” A Crypto.com spokesperson told Cointelegraph that the firm withdrew the lawsuit “given [its] intent to work with the incoming administration on a regulatory framework for the industry.”

Read More: https://cointelegraph.com/news/donald-trump-crypto-ceo-kris-marszalek