Crypto.com Sues SEC, Alleging Regulatory Overreach in Crypto Industry
Crypto.com, a leading cryptocurrency trading platform, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), accusing the agency of exceeding its legal authority by attempting to regulate the cryptocurrency sector. The lawsuit, filed on Tuesday in a federal court in Tyler, Texas, marks the latest clash between the crypto industry and U.S. regulators as the debate over how digital assets should be classified intensifies.
The lawsuit comes in response to a Wells notice that Crypto.com received from the SEC. According to Reuters, the Wells notice—a formal communication indicating…
