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Crypto exchanges' stance on Crypto.com lawsuit outcome by end of 2025
3
Resolution / Starting Odds
Support SEC • 25%
Support Crypto.com • 25%
Remain neutral • 25%
Mixed reactions • 25%
Official announcements from major crypto exchanges or industry reports
Story
Crypto.com Sues SEC and Gensler Over Wells Notice, Disputes Crypto Securities Classification
Oct 8, 2024, 01:30 PM
Crypto.com, a cryptocurrency exchange, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC). In response, Crypto.com has filed a lawsuit against the SEC and its Chair, Gary Gensler, alleging that the regulator has overstepped its authority by classifying most crypto assets as securities—excluding Bitcoin and Ethereum—without proper rule-making procedures. The exchange contends that the SEC has unilaterally expanded its jurisdiction beyond statutory limits.
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Mutual settlement • 25%
Dismissed • 25%
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SEC wins • 25%
Settlement reached • 25%
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Most classified as securities • 25%
Few classified as securities • 25%
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Crypto.com wins • 25%
SEC wins • 25%
Settlement reached • 25%
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Binance • 25%
Coinbase • 25%
Kraken • 25%
Other • 25%
Launch new legal strategies • 33%
Settle out of court • 33%
Withdraw from certain markets • 33%