Coindesk
2 weeks agoMiscellaneous
Crypto.com Sues SEC, Chair Gary Gensler After Receiving Wells Notice
Crypto.com has sued the SEC over a Wells Notice, challenging regulatory actions against cryptocurrency sales.
The exchange argues the SEC is unlawfully expanding its jurisdiction regarding secondary-market token sales.
Crypto.com is also seeking clarity on CFTC's exclusive regulation of certain derivative products.
Cronos token price fell by 4.7% after the lawsuit announcement, reflecting market reaction to legal issues. [ more ]