tldr; Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) following a Wells notice from the regulator. The exchange aims to protect the future of the crypto industry in the U.S. by challenging the SEC’s expanded jurisdiction, which it claims unlawfully categorizes most crypto asset trades as securities transactions. Crypto.com is also seeking clarity from the U.S. Commodity Futures Trading Commission (CFTC) regarding the regulation of certain crypto derivative products.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) following a Wells notice from the regulator. The exchange aims to protect the future of the crypto industry in the U.S. by challenging the SEC’s expanded jurisdiction, which it claims unlawfully categorizes most crypto asset trades as securities transactions. Crypto.com is also seeking clarity from the U.S. Commodity Futures Trading Commission (CFTC) regarding the regulation of certain crypto derivative products.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Is someone left who didn’t sue SEC.