Crypto.com Drops SEC Lawsuit After Meeting With Donald Trump

In a surprising turn of events, Crypto.com has voluntarily dropped its lawsuit against the SEC, filed in October. The suit alleged that the regulator had overstepped its authority by labeling certain digital assets as "crypto securities."

The move coincided with CEO Kris Marszalek meeting with President-elect Donald Trump on December 16 to discuss new appointments to the administration and the idea of ​​a national Bitcoin reserve that Trump had floated.

Crypto.com representatives said they are willing to work with the new administration to develop clear crypto regulations so that the U.S. can become a global leader in digital assets.

💁‍♂️ A Deal?