Crypto.com Receives Wells Notice From SEC
In a rather surprising development, cryptocurrency exchange Crypto.com has officially received a Wells Notice from the US Securities and Exchange Commission (SEC). Indeed, the exchange confirmed the notice was received in a recent announcement that they have filed a lawsuit against the agency.
The company stated that the notice clearly shows the agency’s “unauthorized and unjust regulation by enforcement campaign,” which is a persistent issue. Therefore, they have taken legal action in response to the SEC’s action. Subsequently, it provides another layer to the ongoing disdain developing between the agency and the crypto industry.
