Golden Finance reported that Crypto.com voluntarily withdrew its lawsuit against the U.S. Securities and Exchange Commission (SEC). Market analysts believed that the timing of this decision was not accidental, as the exchange’s CEO Kris Marszalek had previously met with Donald Trump. A meeting took place at Mar-a-Lago, and the decision to drop the lawsuit may indicate that Crypto.com believes working more closely with the new administration may be beneficial to its openness to supporting crypto innovation.