According to Deep Tide TechFlow, on December 8, Crypto in America reported that the U.S. Securities and Exchange Commission (SEC) has concluded its two-year investigation into tokenization company Ondo Finance, without recommending any charges. According to Crypto in America, the investigation began in October 2023, primarily examining whether Ondo complied with U.S. securities laws in its tokenized U.S. Treasury products and whether the ONDO token should be classified as a security. An Ondo spokesperson stated that the company received official notice at the end of November confirming the conclusion of the investigation. This marks another reversal of regulatory actions against digital asset companies during the Biden era. Since the pro-crypto SEC Chairman Paul Atkins took office, the agency has closed most crypto-related investigations and withdrawn several high-profile cases against companies such as Coinbase, Ripple, and Kraken.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
