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Crypto.com sues US SEC after receiving legal threat from regulator

  • Crypto.com filed a lawsuit against the U.S. Securities and Exchange Commission on Tuesday, claiming the agency is overstepping its jurisdiction in regulating the cryptocurrency industry.
  • The lawsuit follows a 'Wells notice' received by Crypto.com, stating that tokens traded are considered securities.
  • The case, filed in Tyler, Texas, names SEC Chair Gary Gensler and four commissioners as defendants, highlighting ongoing disputes over industry regulations.
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