According to the news from Bijie.com, the digital asset advocacy organization The Digital Chamber supports Crypto.com after the company's CEO Kris Marszalek announced that the company will sue the US SEC after receiving the Wells notice.
According to the new statement, the Chamber of Digital Commerce “fully supports” Crypto.com’s legal action against the SEC. “This litigation is a necessary step toward achieving the regulatory clarity the crypto industry needs to thrive in the United States. Crypto.com’s case highlights the challenges that arise when the SEC bypasses the formal rulemaking process, instead opting for enforcement actions that create uncertainty and hinder innovation.”
According to documents filed by Crypto.com, the SEC has been investigating the company for possible violations of U.S. securities regulations since February 2023. (Cryptonews)