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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting $BTC price, blockchain, DeFi , NFTs, Web3 and crypto regulation. Today in crypto, the Securities and Exchange Commission officially shut down its investigation into Crypto.com. Additionally, SEC nominee Paul Atkins faced a Senate confirmation hearing, while a new survey showed that fewer than 1 in 5 European banks currently offer crypto services — despite rising investor demand. Crypto.com probe by the SEC has officially closed, says CEO The US Securities and Exchange Commission has officially closed its investigation into Crypto.com, with no action taken against the crypto exchange, according to the firm’s CEO, Kris Marszalek. ”They used every tool available to attempt to stifle us, restricting access to banking, auditors, investors, and beyond. It was a calculated attempt to put an end to the industry,” Marszalek said in a March 27 X post. The SEC also dismissed its civil enforcement action against crypto trading firm Cumberland DRW with prejudice on March 27. Prospective SEC chair pressed on sale of FTX-tied firm Lawmakers in the US Senate Banking Committee questioned prospective Securities and Exchange Commission (SEC) member Paul Atkins on his ties to the crypto industry and how he might regulate digital assets if confirmed. Questioning Atkins at his nomination hearing on March 27, Massachusetts Senator Elizabeth Warren, the committee’s ranking member, said the former SEC commissioner had had “staggeringly bad judgment” in his role leading up to the 2008 financial crisis — Atkins served at the agency from 2002 to 2008. Sen. Warren also asked Atkins to disclose the buyers of his consulting firm Patomak Global Partners — which advised crypto exchange FTX before its collapse in 2022 — for transparency about potential conflicts of interest with the digital asset industry. “Your clients pay you north of $1,200 an hour for advice on how to influence regulators like the SEC, and if you’re confirmed, you will be in a prime spot to deliver for all those clients who’ve been paying you millions of dollars for years,” said Sen. Warren, suggesting Atkins’ judgment “will be influenced by more than an objective assessment of the data.” The Massachusetts senator sent a letter to Donald Trump ’s SEC pick on March 23, calling on him to be prepared to answer questions related to his potential role at the agency based on his ties to the crypto industry through Patomak. At the March 27 hearing, Sen. Warren asked Atkins to disclose the consulting firm’s potential buyers — he said he planned to sell the company if confirmed — who might be “buying access to the future chair of the SEC.” Atkins said he would “abide by the process” but did not directly answer Sen. Warren’s question. She suggested that the sale of Patomak could be a “pre-bribe” for the former SEC commissioner’s services. Most EU banks fail to meet rising crypto investor demand — Survey European banks and financial institutions may be underestimating the demand for cryptocurrency services, with fewer than one in five offering digital asset products, according to a new survey by crypto investment platform Bitpanda. The study surveyed 10,000 retail and business investors across 13 European countries and found that more than 40% of business investors already hold cryptocurrencies, with another 18% planning to invest in the near future. Yet, only 19% of surveyed financial institutions said their clients showed strong demand for crypto products, suggesting a 30% gap between actual investor adoption and perceived interest. Moreover, only 19% of surveyed European financial institutions are offering crypto services, while over 80% of institutions acknowledge crypto’s growing importance. Still, some European banks are recognizing the growing demand for digital assets, with 18% of surveyed financial institutions planning to expand their crypto service offering, particularly offerings related to crypto transfers.