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Crypto.com Cites Recent Legal Victories Against the SEC as It Fights Its Own Regulatory Battle
Crypto.com has expressed confidence in its legal standing following the filing of a lawsuit against the U.S. Securities and Exchange Commission (SEC). The exchangeâs chief legal officer, Nick Lundgren, cited several recent legal victories against the SEC as setting favorable precedents for their case.
The conflict arose after Crypto.com received a Wells notice from the SEC in early October, which typically signals the regulatorâs intention to file charges for securities violations. The exchange views this move as another example of the SECâs overreach, a stance they are challenging in court.