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Crypto.com files suit against SEC after getting Wells Notice

Image of several bumper stickers, once of which says "Bitcoin doesn't have inflation."
Photo: Michael M. Santiago/Getty Images
Julie DiMauro profile image

Julie DiMauro

2 min read

In the lawsuit, Crypto.com alleges that the SEC invented the term Crypto Asset Security to expand its jurisdiction over the digital asset industry.

Crypto.com has announced that it has sued the SEC after the crypto exchange received a Wells Notice – which indicates it faces at least a potential lawsuit from the agency. The company says it hopes to protect the future of the crypto industry in the country.

Kris Marszalek, co-founder

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