We are weeks away from the November elections and cryptocurrency investors He is excitedly waiting for what will happen. But SEC It doesn’t sit idle. The US Securities Regulator has now sent a Wells Notice to the Cryptocom exchange. He did the same for Binance and Coinbase exchanges in June last year.
Lawsuit Against Cryptocurrency Exchange
A few years ago, a Wells Notice to any cryptocurrency company would have caused much greater panic. However, this has now become normal as the SEC has filed over 100 cryptocurrency cases in a short time. This notification says that the SEC intends to sue the relevant cryptocurrency exchange, and we will see the official complaint file soon.
The case shows that the SEC has unilaterally expanded its jurisdiction beyond legal limits. At the same time BTC And ETH It increases the legal pressure on altcoins by confirming its view that almost all cryptocurrencies, other than cryptocurrencies, are securities.
Following the announcement, CRO Coin, the exchange’s token, dropped by over 5%.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
