Crypto.com Sues SEC To Fight Gary Gensler’s Ongoing Crypto Crackdown
Bitcoin symbol and gavel to regulate cryptocurrencies market.
In a decisive move, cryptocurrency exchange Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) following the agency’s issuance of a Wells Notice, according to the legal filing. The complaint seeks declaratory and injunctive relief to prevent what the company describes as an unlawful expansion of the SEC’s jurisdiction—led by its chair, Gary Gensler, to include secondary market sales of cryptographically secured digital assets. A Wells Notice signals the SEC’s intent to pursue formal enforcement action against a regulated party.
Rather than waiting for any formal action, Crypto.com is challenging what it considers a…
