Crypto.com Challenges SEC’s Authority in High-Stakes Lawsuit

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Crypto.com is making headlines with its bold lawsuit against the SEC, aiming to prevent the agency from expanding its jurisdiction over certain cryptocurrency tokens. After receiving a Wells notice, which typically precedes legal action, the exchange is determined to protect the future of crypto. The firm hired former U.S. Solicitor General Noel Francisco to represent it, highlighting the case’s significance. With its recent move to Texas, Crypto.com positions itself in a favorable court system known for limiting federal agency authority. If successful, this case could redefine the SEC’s power over the crypto industry.