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Crypto.com confirmed receipt of the SEC's Wells notice and has filed a lawsuit with the SEC

On October 8th, according to official news, Crypto.com confirmed that it has received a notice from the Securities Exchange Commission (SEC) and announced that it has filed a lawsuit with the Securities Exchange Commission (SEC). Wells' notice indicates that SEC staff believe the company may have violated federal securities laws. The company is currently evaluating the situation and preparing to respond to the allegations.