According to official news, Crypto.com said it had received a Wells notice from the U.S. Securities and Exchange Commission (SEC) and announced that it had filed a lawsuit with the U.S. Securities and Exchange Commission (SEC). The Wells notice indicated that the U.S. SEC staff believed that the company may have violated federal securities laws. The company is currently evaluating the situation and preparing to respond to the allegations. Crypto.com said that its lawsuit believes that the SEC has unilaterally expanded its jurisdiction beyond statutory limits and that the SEC has established an illegal rule that almost all transactions in crypto assets are securities transactions, no matter how they are sold, while the same transactions in Bitcoin (BTC) and Ethereum (ETH) are not.