PANews reported on December 8th that, according to Crypto In America , the U.S. Securities and Exchange Commission (SEC) officially concluded its two-year investigation into Ondo Finance in November , recommending no charges. The investigation focused on the compliance of Ondo's tokenization of U.S. Treasury products and whether Ondo constituted a security. The report states that since the appointment of new Chairman Paul Atkins , the SEC has closed most crypto-related investigations and withdrawn several cases.