<ul><li>Crypto.com has sued the SEC, claiming violations of its rights after receiving a Wells Notice accusing it of operating as an unregistered broker-dealer and securities clearing agency.</li><li>The lawsuit challenges the SEC’s authority to classify certain digital assets as securities and parallels Ripple’s ongoing legal battle, emphasizing the uncertainty surrounding cryptocurrency regulations.</li><li>The outcome of this case could have significant implications for regulatory compliance in the cryptocurrency industry and affect how digital assets are classified in the future.</li><li>Crypto.com’s native currency, Cronos (CRO), experienced a small decrease in value following the news, indicating market volatility amid the legal battle.</li></ul>

Crypto.com Sues SEC: Accuses Commission of Jurisdiction Misuse

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