Crypto.Com Takes On SEC In Legal Battle After Receiving Wells Notice
Posted On October 8, 2024
Crypto.com announced that it has initiated legal proceedings against the SEC, following the receipt of a Wells notice from the regulatory body.
What Happened: The provider of crypto financial services received a Wells notice from the SEC, indicating that the regulatory body was considering enforcement action.
The company contends that the SEC has exceeded its jurisdiction, imposing unauthorized and unfair regulations that are adversely affecting the operations of legitimate, licensed crypto businesses in the U.S.
The lawsuit accuses the SEC of establishing an illegal rule that classifies …
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