Crypto.com joins industry colleagues and sues the SEC of the USA
The post Crypto.com joins industry colleagues and sues the SEC of the USA appeared on BitcoinEthereumNews.com.
Crypto.com, cryptocurrency trading platform, has announced that it has filed a petition with the CFTC and the SEC in the USA. The idea is to join its industry colleagues to protect the future of cryptocurrencies in the United States. Crypto.com and the petition to the SEC and the CFTC of the USA to protect the future of cryptocurrencies Crypto.com, the famous cryptocurrency trading platform, has stepped in to join its industry colleagues, filing a petition against the SEC and CFTC of the USA. Here is the announcement on X from the CEO of Crypto.com, Kris Marszalek: “Today http://Crypto.com has filed a lawsuit against the SEC to protect the future of cryptocurrencies in the United States” The crypto-exchange, on the other hand, commented on its action as follows: “Today Crypto.com filed a lawsuit against the United States Securities and Exchange Commission (SEC). We are doing this to protect the future of the cryptocurrency industry in the United States, joining a number of our colleagues who are actively defending themselves and taking action against a misleading federal agency acting beyond its legal authorizations.” In practice, after receiving a Wells notice, Crypto.com decided to actively defend itself on crypto regulation. His petition aims to illustrate how the SEC is continuing with an unauthorized and unfair regulatory campaign. Specifically, the lawsuit by Crypto.com argues that the SEC has unilaterally expanded its jurisdiction beyond legal limits. Not only that, separately, the SEC has established an illegal rule whereby exchanges of almost all cryptos are securities transactions, regardless of how they are sold, while identical transactions in Bitcoin (BTC) and Ethereum (ETH) are not. Crypto.com and its petition: “the actions of the SEC towards the sector have left us no other choice” Beyond what has already been stated, Crypto.com has decided to use the regulatory tools…
Filed under: News - @ October 9, 2024 7:27 am