Crypto.com files suit against SEC, discloses Wells notice

Crypto.com said it filed a suit against the Securities and Exchange Commission after it received a Wells notice earlier this year. 

The crypto firm said it’s trying to “protect the future of the crypto industry in the U.S., joining a series of our peers who are actively defending themselves and taking action against a misguided federal agency acting beyond its authorization under the law.”

A slew of other crypto firms have also received similar notices including Uniswap, Consensys and Robinhood. 

“Our lawsuit contends that the SEC has unilaterally expanded its jurisdiction beyond statutory limits and separately that the SEC has established an unlawful rule that trades in…

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