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The crypto trading platform said its move follows the receipt of a "Wells notice" from the top U.S. markets regulator on the grounds that tokens traded on its platform qualified as securities. A Wells notice is a formal declaration that the regulator's staff intend to recommend an enforcement action. The SEC declined to comment.

Today’s prevailing token distribution model is fundamentally broken, says Christopher Goes, co-creator of Anoma and Namada.

As bitcoin matures, investors are considering whether its path to stability is worth the wait.

(Bloomberg) -- Crypto.com filed a lawsuit against the US Securities and Exchange Commission after receiving a Wells Notice indicating the regulator’s intention to sue the digital-asset exchange for operating as an unregistered broker-dealer and securities clearing agency. Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesChicago’

Cryptocurrency exchange Crypto.com says in the lawsuit that it thinks other crypto assets should be treated in a manner similar to bitcoin and ether.

Piper Sandler analyst Patrick Moley said the volatile trading environment drives third-quarter outperformance for exchange and trading companies, leading to a strong backdrop for retail brokers. Moley maintained Robinhood Markets Inc (NASDAQ:HOOD) with an Overweight rating and a $27 price target. Despite Net Interest Income headwinds from the lower rate environment, Moley noted several distinctive near-term opportunities for Robinhood Markets that should help drive continued earnings growth. On

Experts discuss bitcoin's potential for explosive growth despite global tensions and market uncertainty.