Crypto.com Sues SEC to Protect the Future of Crypto in the US 🇺🇸
- CEO Kris Marszalek announced on X that Crypto.com has filed a lawsuit against the SEC.
- "This unprecedented action is a protest against the SEC's enforcement-driven regulatory regime, which harms over 50 million American crypto users."
- Crypto.com pledges to use all legal tools to bring certainty to the industry.
- The move follows the SEC's Wells announcement, which showed the SEC is expanding its powers beyond its legal limits.
- Crypto.com argues that the SEC has established an illegal rule by treating all crypto transactions as securities transactions.
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