Key Takeaways Cryptocurrency exchange Crypto.com has sued the SEC, indicating it believes the agency has overstepped its legal boundaries in regulating the crypto industry.The lawsuit was filed Tuesday after the SEC earlier sent Crypto.

Crypto.com has sued the US Securities and Exchange Commission (SEC) and its Chair Gary Gensler after receiving a Wells Notice from the regulator. “Today, Crypto.com filed suit against the SEC to protect the future of crypto in the US,” said the exchange’s co-founder and CEO Kris Marszalek in an Oct. 8 post on X.

Crypto.com is taking the SEC to court after the crypto exchange received a Wells notice, joining the expanding list of crypto-related firms that have been threatened with enforcement action for their services and offerings.

The case seeks to prevent the SEC from "unlawfully expanding its jurisdiction" to cover secondary-market sales of certain network tokens sold on the exchange.

Crypto trading platform fires back against a legal threat by the regulator, contending it has "unilaterally expanded its jurisdiction beyond statutory limits."

One of the leading crypto exchanges in the world is striking back against the U.S. Securities and Exchange Commission (SEC) in court.

Cryptocurrency exchange Crypto.com has taken a major step by filing a lawsuit against the U.S. Securities and Exchange Commission (SEC) following the receipt of a Wells Notice. The exchange announced the legal action and stated that it was a necessary step to “protect the future of the crypto industry in the U.

Crypto.com pushes back against SEC's Wells notice, arguing the agency overreached on token sale classifications.

Crypto.com is fighting back against the US SEC after it received a Wells Notice alleging some of its operations are securities

Crypto exchange accuses securities watchdog of ‘over-reach’ and argues it ‘cannot lawfully regulate’ token sales