Crypto.com sues SEC | Banking Dive
Crypto.com filed a lawsuit against the Securities and Exchange Commission Tuesday, contending the regulator “unilaterally expanded its jurisdiction beyond statutory limits.”
The exchange’s suit, which adds to the list of crypto firms engaged in legal battles with the SEC, follows its receipt of a Wells notice, which the SEC typically sends a company before doling out an enforcement action.
The lawsuit also charges that the SEC “has established an unlawful rule that trades in nearly all crypto assets are securities transactions no matter how they are sold, whereas identical transactions in bitcoin and ether are somehow not.”
The rule is unlawful because it did not go…
