6.11 Predicting the SEC's next move

11 Jun 2023

After filing lawsuits against cryptocurrency exchanges Coinan and Coinbase, news has emerged that US stock exchanges may make Crypto.com the next target of prosecution. According to crypto KOL @CryptoTea_, who revealed on social media that tokens such as SOL, SAND, MATIC, MANA and ALGO, which are classified as securities by the SEC, have all been listed on the Crypto.com platform, in addition to the exchange launching its native token CRO and offering pledging services, all of which could be considered securities sales by regulators. According to crypto intelligence platform Arkham, a giant whale on the Crypto.com platform transferred 30,000 ETH to the Cryptocurrency Exchange yesterday, worth around $55.2 million at the current price.