The U.S. Securities and Exchange Commission (SEC) has concluded its two-year investigation into Ondo Finance, deciding not to recommend any charges. The investigation, which ended in November, scrutinized Ondo's tokenization of U.S. Treasury products to determine if they constituted securities. This development comes amid a broader shift in the SEC's approach under new Chairman Paul Atkins, who has overseen the closure of numerous crypto-related investigations and the withdrawal of several cases. The decision marks a significant moment for Ondo Finance, as it continues to navigate the regulatory landscape.