CoinVoice has recently learned that according to the latest official information, Crypto.com stated that it has received the Wells Notice issued by the U.S. Securities and Exchange Commission (SEC), and announced that it has filed a lawsuit with the U.S. Securities and Exchange Commission (SEC).
The Wells Notice indicates that the SEC staff believes that the company may have violated federal securities laws. The company is currently evaluating the situation and preparing to respond to the allegations.
Crypto.com said its lawsuit argues that the SEC unilaterally expanded its jurisdiction beyond statutory limits and that the SEC created an illegal rule that virtually all transactions in crypto assets are securities transactions, regardless of how they are sold, while identical transactions in Bitcoin (BTC) and Ethereum (ETH) are not. [Original link]
