CoinVoice has recently learned that Crypto.com has recently filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), trying to prevent the agency from bringing cryptocurrency secondary market transactions under its jurisdiction. The company hired former U.S. Attorney General Noel Francisco, showing that the case is of vital importance to it.
Crypto.com is seeking a declaratory judgment through a Texas court. If successful, it could significantly weaken the SEC's regulatory power over the crypto industry. This case is expected to become a key point in changing industry regulatory rules. [Original link]
