Crypto.com Sues SEC Over Crypto Regulations Following Wells Notice
Crypto.com has taken legal action against the U.S. Securities and Exchange Commission (SEC), joining other cryptocurrency companies in challenging the agency’s regulatory approach to digital assets.
The lawsuit comes after Crypto.com received a Wells notice from the SEC, indicating that the company might face enforcement action.
While a Wells notice suggests potential regulatory scrutiny, it doesn’t imply any proven wrongdoing by Crypto.com. The exchange argues that the SEC has overstepped its authority by classifying most crypto assets as securities, excluding Bitcoin and Ether.
Crypto.com claims this decision was made without a proper legal framework and lacks a consistent basis, given that many other crypto transactions are…
