The U.S. SEC concludes two-year investigation into Ondo Finance without filing charges

According to Crypto In America, the U.S. Securities and Exchange Commission (SEC) has concluded its two-year investigation into the tokenization company Ondo Finance, without recommending any charges.

The investigation began in October 2023, primarily examining whether Ondo complied with U.S. securities laws when tokenizing U.S. Treasury products, and whether the ONDO token should be classified as a security. An Ondo spokesperson stated that the company received formal notification at the end of November confirming that the investigation had ended.

This marks another reversal of regulatory actions against digital asset companies during the Biden administration. Since the appointment of pro-crypto SEC Chairman Paul Atkins, the agency has closed most crypto-related investigations and dropped several high-profile cases against companies such as Coinbase, Ripple, and Kraken.