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Amitoj Singh
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  3. Crypto.com Takes Legal Action Against SEC Chair Gensler Over Wells Notice

Crypto.com Takes Legal Action Against SEC Chair Gensler Over Wells Notice

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SEC Determines Network Tokens as Securities Except for Bitcoin and Ethereum

SEC Issues Notice to Crypto.com for Operating as Unregistered Broker-Dealer and Securities Clearing Agency

Violation of Federal Securities Laws

A recent filing revealed that the Securities and Exchange Commission (SEC) has classified network tokens, with the exception of Bitcoin (BTC) and Ethereum’s Ether (ETH), as securities. As a result of this determination, Crypto.com, a platform that facilitates trading in various cryptocurrencies, has been served a notice for allegedly functioning as an unregistered broker-dealer and securities clearing agency under federal securities laws.

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Crypto.com Takes Legal Action Against SEC Chair Gensler Over Wells Notice
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Disclaimer:

The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
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