Crypto.com – SEC showdown: ‘Warranted response to unlawful overreach’
- Crypto.com sued the SEC following a Wells Notice amid regulatory scrutiny.
- CEO Kris Marszalek criticized the SEC’s “regulation by enforcement” approach impacting crypto holders.
In the wake of heightened scrutiny from the U.S. Securities and Exchange Commission (SEC) towards various cryptocurrency platforms, Crypto.com has recently found itself in a legal showdown with the regulator.
The exchange disclosed on the 8th of October that it has initiated a lawsuit against the SEC following the receipt of a Wells Notice, which serves as a preliminary alert regarding potential charges.
This notice, dated the 22nd of August, signals the SEC’s intention to possibly pursue enforcement actions against Crypto.com, marking yet another…
