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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