Breaking: SEC Halts Crypto.com Probe — CEO Kris Marszalek Exclaims Victory

The SEC has officially closed its investigation into crypto exchange Crypto.com. It relieves both the exchange and its users, this decision means the company will not face any legal action. It marks a positive development amid increasing crypto regulation. The investigation began in late 2022 and was part of a larger regulatory probe against major crypto firms. With crypto regulation growing the SEC’s decision signals a shift in its approach. This potentially eases concerns for other exchanges. While Crypto.com has cleared this hurdle, regulatory uncertainty remains a key factor in market movements. This news may influence Bitcoin price prediction, as traders react to shifting regulations.

SEC Closes Crypto.com Investigation 

The SEC has officially closed its crypto exchange Crypto.com probe without taking any legal action. That marked a significant win for the exchange. This investigation was part of the regulator’s broader efforts to track crypto firms following prior collapses like FTX. But with no violations found, Crypto.com emerges intact from this investigation boosting confidence in its operations.

The SEC’s investigation into https://t.co/pFc4Pz9nFR has been closed with no action being taken against https://t.co/pFc4Pz9nFR.

— Kris | Crypto.com (@kris) March 27, 2025

Commenting on the decision, Crypto.com CEO Kris Marszalek stated, “They used every tool available to attempt to stifle us, restricting access to banking, auditors, investors, and beyond. It was a calculated attempt to put an end to the industry.” He further emphasized that the company has not only survived but emerged stronger, crediting the firm’s resilience and community support.

The fact that we not only persevered but became stronger is a testament to our vision and the community supporting it. Onwards! #FFTB

— Kris | Crypto.com (@kris) March 27, 2025

The ruling also emphasizes the changing context of crypto regulation. While some companies face lawsuits, others have received regulatory approval. This creates a mixed market sentiment, with some investors seeing regulation relief as a positive sign while others remain cautious.

Market reactions to regulatory changes might be unpredictable. While this news provides temporary relief, broader uncertainty in crypto regulation could still lead to volatility. As Bitcoin remains the market leader, its price often reacts to regulatory shifts, making Bitcoin price prediction a key focus for traders.

Bitcoin Struggles Between $85,800 Support and $87,728 Resistance

The trading day of March 27th began with bullish momentum, carrying over from the previous day’s golden cross. At 1:00 UTC, an overbought RSI pushed prices higher, but the trend quickly reversed as a death cross at 2:55 UTC signaled bearish pressure. Another death cross at 10:35 UTC reinforced the downward move, leading to oversold conditions at 11:25 and 11:45 UTC. By 13:35 UTC, BTC tested its support level at $85,800.88. A golden cross on the MACD at 14:00 UTC triggered a sharp upward fluctuation, but sellers regained control by 15:35 UTC when a death cross caused a slight downward movement.

Chart 1, analyzed by ShwetaCW, published on TradingView, March 28, 2025

As shown in Chart 1, at 21:30 UTC, overbought conditions led BTC to strong resistance at $87,728.70, followed by a death cross at 22:05 UTC, driving the price downward into March 28th. Another golden cross at 00:35 UTC suggested a minor upward move, but the bearish trend resumed with a death cross at 2:00 UTC. By 4:50 UTC, BTC was oversold, leading to a sharp drop toward support. However, at 5:45 UTC, a golden cross reversed the trend. Bitcoin price prediction suggests that if bulls maintain momentum, BTC could break the $87,728.70 resistance. Otherwise, renewed seller pressure might push it back to $85,800.88 support.

Crypto.com Cleared –  What’s Next for BTC?

The SEC’s decision to close its investigation into crypto exchange Crypto.com without action is a positive sign for the industry. It reflects a shift in crypto regulation, where not all firms face enforcement. While this eases concerns, uncertainty in regulations still lingers. Meanwhile, Bitcoin price prediction suggests BTC could break $87,728.70 resistance if bullish momentum continues. However, if bearish pressure increases, BTC may retest its $85,800.88 support level. Traders should watch market sentiment closely.