SEC closes investigation into Ondo Finance with no charges

The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into real-world asset (RWA) tokenization platform Ondo Finance (ONDO) without filing any charges, Crypto in America reported. The probe, which began in October 2023 under then-Chairman Gary Gensler, centered on whether Ondo's structure for tokenizing U.S. Treasurys violated securities laws and if the ONDO token qualified as a security. Ondo stated that it received official notification from the SEC in late November that the investigation was closed. According to CoinMarketCap, ONDO is currently trading at $0.4696, up 1.9%.