Crypto.com’s lawsuit against the US SEC follows the exchange’s receipt of a Wells notice from the agency.
Major cryptocurrency exchange and service provider Crypto.com is launching a legal battle against the United States securities regulator with the goal of protecting the future of the crypto industry in the country.
Kris Marszalek, co-founder and CEO of Crypto.com, took to X on Oct. 8 to officially announce that the company has filed a suit against the US Securities and Exchange Commission.
“This unprecedented action by our company against a federal agency is a warranted response to the SEC’s regulation by enforcement regime, which has hurt more than 50 million American crypto holders,” he wrote.
