Investing.com – Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), joining a growing list of cryptocurrency companies pushing back against the regulatory body’s approach to crypto assets.
The legal action comes in response to what the company describes as overreach by the SEC in its regulation of the cryptocurrency industry.
For now, Crypto.com assures its customers that operations will continue as usual as it challenges the SEC’s stance in court.
The move follows Crypto.com’s receipt of a Wells notice from the SEC, which is a heads-up that they might face enforcement action. However, receiving this notice doesn’t automatically mean the company has engaged in wrongdoing.
Crypto.com argues that the SEC’s tactics exceed its legal boundaries, despite signals from political leaders that the next administration may adopt a more favorable stance toward the crypto sector.
