Crypto.com Lawsuit Accuses SEC Of Overstepping Legal Boundaries
- Crypto.com sues the U.S. SEC over regulatory overreach.
- The lawsuit challenges the SEC’s classification of crypto assets as securities.
- Crypto.com seeks clarity from the CFTC and SEC regarding crypto derivative products.
Crypto.com has initiated a lawsuit against the U.S. SEC, challenging the agency’s overreach in regulating crypto assets. The lawsuit follows the receipt of a Wells notice from the SEC, highlighting that the regulatory body had expanded its jurisdiction beyond legal boundaries. It argues that the SEC has issued an illegal rule where most crypto assets, other than Bitcoin and Ethereum, are categorized as securities.
In a statement, the exchange said the SEC’s enforcement actions are not about…
