Key Takeaways Cryptocurrency exchange Crypto.com has sued the SEC, indicating it believes the agency has overstepped its legal boundaries in regulating the crypto industry.The lawsuit was filed Tuesday after the SEC earlier sent Crypto.

One of the leading crypto exchanges in the world is striking back against the U.S. Securities and Exchange Commission (SEC) in court.

The case seeks to prevent the SEC from "unlawfully expanding its jurisdiction" to cover secondary-market sales of certain network tokens sold on the exchange.

Crypto.com is taking the SEC to court after the crypto exchange received a Wells notice, joining the expanding list of crypto-related firms that have been threatened with enforcement action for their services and offerings.

Crypto.com said it filed a lawsuit against the US Securities and Exchange Commission after receiving a Wells notice, according to a statement Tuesday.

Crypto.com launched a lawsuit against the U.S. Securities and Exchange Commission (SEC). The lawsuit criticizes the SEC’s enforcement-based approach to regulating cryptocurrencies. Crypto.com argues the

Crypto.com filed a lawsuit against the U.S. Securities and Exchange Commission on Tuesday, alleging that the federal agency is overstepping its jurisdiction by regulating the cryptocurrency industry.

Crypto.com announced that it has initiated legal proceedings against the SEC, following the receipt of a Wells notice from the regulatory body.

Crypto.com says it is suing the U.S. SEC after receiving a notice that the agency plans to bring an enforcement action against them.

The exchange received a Wells notice stating that the company might be involved in the illegal sale of securities.