United States of America: Announced lawsuit challenging SEC power to issue cryptocurrency asset classification
Description
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…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
judiciary
Government Body
court