Crypto.com – SEC showdown: ‘Warranted response to unlawful overreach’

Quick Summary:

Crypto.com stated that the SEC has established an unlawful rule classifying nearly all crypto asset trades as securities transactions.

Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.

The exchange disclosed on the 8th of October that it has initiated a lawsuit against the SEC following the receipt of a Wells Notice, which serves as a preliminary alert regarding potential charges.

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Article Details

Author / Journalist: Ishika Kumari

Category: Crypto

Markets: United States

Topics: Trading View News 1 Social Ambcrypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 23:00:44 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 521 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 22972415

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 23 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

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