Crypto.com has sued the US securities regulator for allegedly overstepping its authority, after the cryptocurrency exchange said it faced a lawsuit from the agency for potentially selling unregistered tokens.
The Singapore-based exchange said on Tuesday it had received a so-called Wells notice, which warns that a company may soon face legal action, from the Securities and Exchange Commission.
It has become the latest crypto company caught in the crosshairs of the SEC, which has been pursuing many of the industry’s biggest names for allegedly violating US securities laws by offering unregistered securities.
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