KEY POINTS
- Crypto.com slammed the SEC for inventing a new term to regulate crypto without statutory authority
- It also called out the regulator for targeting crypto even with bipartisan signals of support
- A crypto lawyer commended Crypto.com for standing up to the SEC instead of 'rolling'
Cryptocurrency exchange Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), joining a growing number of crypto companies challenging the Wall Street regulator's enforcement-first approach toward the industry.
