Crypto.com Sues SEC Amid Threat of Enforcement Action
Calling it a “misguided” federal agency, Crypto.com has sued the Securities and Exchange Commission (SEC).
The suit, filed Tuesday (Oct. 8), came after the cryptocurrency company received a Wells notice from the commission (SEC), typically seen as a sign of pending enforcement action.
“While this is an unprecedented move for our company to file suit against a federal agency, actions by that agency towards our industry have left us no other choice,” the company said in a news release.
“Specifically, our lawsuit contends that the SEC has unilaterally expanded its jurisdiction beyond statutory limits and separately that the SEC has established an unlawful rule that trades in nearly all crypto assets are securities…
