U.S. SEC Ends Two-Year Investigation of Ondo Finance Without Filing Charges

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Since the pro-crypto SEC Chairman Paul Atkins took office, the agency has closed most crypto-related investigations and withdrawn several high-profile cases against companies such as Coinbase, Ripple, and Kraken.