Crypto.com files lawsuit against SEC for exceeding authority
The lawsuit, which follows a Wells Notice issued in August, also highlights the SEC’s failure to follow procedural steps, such as the notice and comment rulemaking process.
Crypto.com has filed a lawsuit against the US Securities and Exchange Commission (SEC), accusing the agency of overreaching its legal authority by classifying most crypto transactions as securities. The lawsuit follows a Wells Notice issued by the SEC in August, signalling potential enforcement action. Crypto.com argues that the SEC’s inconsistent regulatory approach, exempting Bitcoin and Ether, undermines the crypto sector’s future in the US.
In its legal filing, Crypto.com claims the SEC bypassed essential procedural…
