Crypto.com revealed that it filed a lawsuit against the Securities & Exchange Commission (SEC) on Tuesday in response to a Wells notice that it received from the regulatory body.
Crypto.com announced that the company has taken legal action against the SEC. The exchange received a Wells notice stating that the company might be involved in the illegal sale of securities. CRO is down nearly 6% following the announcement. Crypto.com revealed that it filed a lawsuit against the Securities & Exchange Commission on Tuesday in response to a Wells notice that it received from the regulatory body.
The company included that the SEC operates a system that places the trading of nearly all crypto assets under securities trading — no matter how they are sold. However, it stated that the SEC doesn't apply the same framework to cryptocurrencies like Bitcoin and Ethereum, which are sold identically to other crypto assets. Crypto.
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