The US SEC ends its two-year investigation into Ondo

Jinse Finance 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. The investigation began in October 2023 and primarily examined whether Ondo complied with U.S. securities laws in the tokenization of U.S. Treasury products, and whether the ONDO token should be classified as a security. An Ondo spokesperson stated that the company received official notification at the end of November confirming the investigation had ended. 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Since the pro-crypto SEC Chairman Paul Atkins took office, the agency has closed most crypto-related investigations and withdrawn several high-profile cases against companies such as certain exchanges.