Crypto.com Takes Legal Action Against SEC
Crypto.com crypto exchange has announced that it is suing the U.S. Securities and Exchange Commission (SEC).
This is in response to a Wells Notice issued by the SEC in August, which serves as a formal warning that the agency may pursue legal actions against the company.
Crypto.com argues that the SEC has overstepped its authority, and is hindering the growth of the crypto industry in the United States.
Crypto.com’s lawsuit points out that the SEC has not treated all cryptocurrencies equally. For instance, while Bitcoin and Ether have mostly escaped regulatory scrutiny, other similar tokens are facing possible enforcement actions.
The lawsuit contends that the SEC has “unilaterally expanded its jurisdiction beyond…
