**Crypto.com Takes Legal Stand Against SEC**

Crypto.com, a major cryptocurrency exchange, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) following a Wells notice from the regulator. CEO Kris Marszalek announced the move on Oct. 8, citing recent court victories against the SEC as a positive sign for their case.

**Key Legal Wins:**

- Grayscale Investments' win in August 2024 allowed the conversion of its Bitcoin Trust into a spot Bitcoin ETF.

- A July 2023 ruling declared XRP not a security when sold on digital exchanges.

**Crypto.com's Position:**

- The company argues that the SEC's actions are "unauthorized and unjust."

- Legal precedents provide strong footing for Crypto.com's case.

**Operations Continue:**

- Despite the Wells notice, Crypto.com continues its U.S. operations.

- The exchange, headquartered in Singapore, remains available in 49 U.S. states, excluding New York, where it is seeking necessary approvals.

Crypto.com aims to maintain its services and awaits further legal clarity.