Crypto.com Sues SEC in Response to Wells Notice, Claims Regulatory Overreach
- Crypto.com has filed a lawsuit against the SEC, its Chair Gary Gensler and its four commissioners alleging the regulator has unlawfully overstepped the mark in regulating the US crypto industry.
- The suit comes after Crypto.com was slapped with a Wells notice by the SEC in August, for allegedly selling unregistered securities through its platform.
The cryptocurrency exchange Crypto.com has sued the US Securities and Exchange Commission (SEC), its Chair Gary Gensler, and its four commissioners, alleging the regulator has unlawfully and unilaterally expanded its jurisdiction to oversee the US digital assets industry.
Crypto.com’s lawsuit comes after the SEC issued the exchange with a Wells notice in…
