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The SEC Concludes Two-Year Investigation into Ondo Finance
BlockBeats News, December 8th, according to Crypto In America, the U.S. Securities and Exchange Commission has concluded its investigation into the tokenization company Ondo Finance and has not recommended any charges. The investigation, which began in October 2023 (initiated during former SEC Chairman Gary Gensler's tenure), focused on examining whether Ondo complied with U.S. securities laws in the tokenization of U.S. Treasury products and whether the ONDO ef="/wiki/article/token-259">token should be classified as a security.
According to an Ondo spokesperson, the company received formal notice in late November that the two-year SEC investigation had been concluded. This marks a reversal in regulatory actions against digital asset companies in the Biden era. Since SEC Chairman Paul Atkins, who is crypto-friendly, took office, the agency has terminated most crypto-related investigations and dismissed several high-profile cases involving Coinbase, Ripple, and Kraken.
Ondo stated that the resolution of the investigation has cleared the way for its expansion into the U.S. market. Previously, the company had registered as an investment adviser and acquired Oasis Pro Markets—a SEC-registered broker-dealer, alternative trading system operator, and transfer agent.
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