Digital asset advocacy group The Digital Chamber supports Crypto.com after CEO Kris Marszalek announced that the company would sue the U.S. SEC after receiving the Wells Notice.
According to the new statement, the Digital Chamber "fully supports" Crypto.com's legal action against the SEC. "This lawsuit is a necessary step to achieve the regulatory clarity that the crypto industry needs to thrive in the United States. The Crypto.com case highlights the challenges that arise when the SEC bypasses the formal rulemaking process and instead chooses enforcement actions that create uncertainty and hinder innovation."
According to documents filed by Crypto.com, the SEC has been investigating the company for possible violations of U.S. securities regulations since February 2023. (Cryptonews)