Crypto.com has expanded its U.S. operations by opening a new office in Washington D.C., following the end of an SEC investigation without charges. The move is part of a strategy to adapt to a more favourable regulatory environment. This comes alongside a new partnership with Trump Media and a recent relocation to Texas. Additionally, the platform is launching a European ETP linked to its CRO token, listed on major exchanges.
Crypto.com has announced the opening of a new office in Washington D.C., signalling a strong commitment to expanding its U.S. operations. This move follows a period of regulatory uncertainty, as the recent closure of an SEC investigation without charges appears to have paved the way for a more favourable business environment. The new office is strategically located near the White House, which could enhance Crypto.com’s visibility and influence in the U.S. market.
Matt David, who serves as the President of North America and Chief Corporate Affairs Officer at Crypto.com, emphasised the importance of this expansion. He stated that with the regulatory environment maturing under the current Administration, growing their presence in the nation’s capital is crucial to advancing their business responsibly. This proactive approach seems aimed at aligning with evolving regulatory expectations.
Prior to this new office, Crypto.com was already working on establishing deeper connections in Washington. Back in April, the company formed a partnership with Trump Media to create a series of crypto exchange-traded products (ETPs) that are expected to launch later this year. Furthermore, CEO Kris Marszalek has developed ties to former President Trump and participated in the White House Crypto Summit earlier this year, highlighting his active engagement in the political landscape.
This expansion into D.C. comes shortly after Crypto.com relocated its North American headquarters to Tyler, Texas. The new headquarters at the Plaza Tower in Downtown Tyler marks a strategic shift that aligns with the company’s growth ambitions across the region.
The recent office opening had been anticipated, especially considering the rapid changes in the regulatory climate that seemed to favour the exchange. The U.S. Securities and Exchange Commission officially closed its investigation into Crypto.com without any charges in late March, which likely contributed to their decision to enhance operations in the country.
Outside the U.S., Crypto.com is currently making waves in Europe, especially with the launch of a European ETP that offers exposure to its native Cronos (CRO) token in collaboration with 21Shares. This innovative product has been listed on the Euronext exchanges in Paris and Amsterdam, allowing institutional investors in Europe better access to Crypto.com’s offerings. Overall, these developments underscore Crypto.com’s aggressive strategy to solidify its presence both domestically and internationally.
