🚀 Crypto.com is taking on the SEC. Will clear regulation of the cryptocurrency industry usher in a turning point?
Dear cryptocurrency friends, Crypto.com has recently done something that has excited the crypto community! After receiving the Wells Notice from the SEC, Crypto.com not only did not back down, but directly sued the SEC and its chairman Gary Gensler!
The SEC has been "igniting" the cryptocurrency field in recent years and suing cryptocurrency-related companies and enterprises everywhere, but this time it may have encountered a tough stubble. Crypto.com decided to stand up and escort the development of the entire industry on the grounds that the SEC's Wells Notice was vague.
CEO Kris announced on social media X that they would file a lawsuit against the SEC to face the uncertainty of regulation in order to "protect the future of cryptocurrency in the United States."
The exchange chose to sue the SEC and SEC Chairman Gary Gensler, focusing on the unclear details of the SEC's Wells Notice and the uncertainty of regulation.
The reason is that the US regulatory policy on cryptocurrencies is currently very uncertain, including the issue of the attribution of regulatory agencies. Some opinions believe that it should be regulated by the SEC, while others believe that it should be regulated by the CFTC. In addition, which tokens are securities and which are assets are also controversial issues in regulation.
Against this background, the SEC is still sending notices everywhere. No wonder Crypto.com is fighting back. This lawsuit may take several years, but Crypto.com's brave move has undoubtedly injected a shot of confidence into the cryptocurrency industry.
In summary, although the SEC's regulatory uncertainty is an obstacle to the cryptocurrency industry, Crypto.com's counterattack may be another great opportunity to push the industry forward.
💬Do you think Crypto.com's lawsuit will succeed? What should the cryptocurrency industry do in the face of SEC regulation? Does regulatory uncertainty affect your investment in cryptocurrency?
