“SEC’s Unauthorized Overreach and Unlawful Rulemaking Regarding Crypto Must Stop”, Says Crypto Exchange CEO
On October 8, Crypto.com announced that the company had filed a lawsuit against the U.S. Securities and Exchange Commission (SEC). The exchange explained that the lawsuit is a response to a Wells notice issued by the SEC, which Crypto.com argues is part of the agency’s overreach in regulating the crypto industry.
Kris Marszalek, Co-Founder and CEO of Crypto.com, voiced his concerns on social media platform X, stating, “The SEC’s unauthorized overreach and unlawful rulemaking regarding crypto must stop.”
The exchange contends that the SEC has improperly classified nearly all crypto asset transactions as securities while excluding Bitcoin (BTC) and Ether (ETH) from this classification….
