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Crypto.com has abruptly dropped the lawsuit it had only just filed against the SEC in October [I68] — a lawsuit which seemed to be a direct response to a Wells notice issued by the agency against the company in August. This unusual move just so happened to coincide with a meeting between Donald Trump and Crypto.com CEO Kris Marszalek, who posted a photograph with the president-elect on Twitter with the caption “Honored to have a seat at the table.”12 A spokesperson explained, “We withdrew our action against the SEC given our intent to work with the incoming administration on a regulatory framework for the industry.” Trump and Marszalek reportedly discussed crypto-related political appointments and the prospect of a Bitcoin strategic national stockpile.5 Do you think Marszalek asked to take the picture in front of the framed Kim Jong Un photo, or was that just coincidence?

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Crypto.com has abruptly dropped the lawsuit it had only just filed against the SEC in October [I68] — a lawsuit which seemed to be a direct response to a Wells notice issued by the agency against the company in August. This unusual move just so happened to coincide with a meeting between Donald Trump and Crypto.com CEO Kris Marszalek, who posted a photograph with the president-elect on Twitter with the caption “Honored to have a seat at the table.”12 A spokesperson explained, “We withdrew our action against the SEC given our intent to work with the incoming administration on a regulatory framework for the industry.” Trump and Marszalek reportedly discussed crypto-related political appointments and the prospect of a Bitcoin strategic national stockpile.5 Do you think Marszalek asked to take the picture in front of the framed Kim Jong Un photo, or was that just coincidence?
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Molly White (molly0xfff@hachyderm.io)'s status on Tuesday, 24-Dec-2024 09:59:05 JST Molly White
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Despite the looming administration change, the SEC has still been sending out Wells notices. Crypto.com, however, is so confident the SEC will be hobbled by the new administration that they withdrew a lawsuit against the agency — the same day their CEO met with Trump.
#crypto #cryptocurrency

In conversation about a month ago from hachyderm.io permalink