United States of America: Lawsuit challenging SEC power to issue cryptocurrency asset classification
Progress
Current status
under deliberation
08 Oct 2024 under deliberation
Scope
Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
judiciary
Government Body
court
Implementation Level
national
Timeline of events
Announced lawsuit challenging SEC power to issue cryptocurrency asset classification
On 8 October 2024, Foris DAX Inc (Crypto.com) filed a lawsuit alleging that the Securities and Exchange Commission (SEC) does not have the jurisdiction to regulate the cryptocurrency sector (Case No. 6:24-cv-00373). The lawsuit follows the SEC's iss…
SourceEvent type
public lawsuit
Action type
announcement
Government branch
judiciary
Government body
court