Crypto.com sues US SEC after receiving legal threat from regulator

Oct 8 – Crypto.com filed a lawsuit against the U.S. Securities and Exchange Commission on Tuesday, alleging that the federal agency is overstepping its jurisdiction by regulating the cryptocurrency industry.

The crypto trading platform said its move follows the receipt of a “Wells notice” from the top U.S. markets regulator on the grounds that tokens traded on its platform qualified as securities.