Crypto.com Drops SEC Lawsuit As CEO Meets With Trump

On Dec. 16, Crypto.com, a centralized cryptocurrency exchange, voluntarily withdrew its lawsuit against the U.S. Securities and Exchange Commission (SEC). On the same day, Kris Marszalek, Crypto.com’s CEO, met with President-elect Donald Trump at his Mar-a-Lago resort. Bloomberg cited an anonymous source “familiar with the meeting” who said Trump and Marszalek discussed government appointments pertaining to the digital asset industry and Trump’s plans for a national strategic Bitcoin reserve . A Crypto.com spokesperson told Bloomberg that the firm plans to help advise the Trump team on cryptocurrency regulations, which informed the company’s decision to drop its lawsuit against the SEC. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io