Major crypto exchange Crypto.com recently launched a legal battle against the US securities regulator, the Securities and Exchange Commission (SEC). The platform said that its goal is to fight to protect the future of the crypto industry in the United States.
Crypto.com And Its CEO Explained The Reasons Behind The Lawsuit
The Crypto.com lawsuit came after it received a Wells notice from the Commission. The exchange noted that this move by the SEC illustrates unauthorized and unjust regulation by the enforcement campaign that continues despite the bipartisan indication that the next Administration will take a more constructive and effective approach.
The exchange’s co-founder and CEO, Kris Marszalek, took to X to officially announce his company’s lawsuit, saying: “This unprecedented action by our company against a federal agency is a warranted response to the SEC’s regulation by enforcement regime, which has hurt more than 50 million American crypto holders.”
https://x.com/kris/status/1843642494019613112
He promised that his firm would use all regulatory tools available to bring certainty to the crypto industry, but through proper rulemaking, instead of the approach the SEC has been using thus far. Along the way, Crypto.com also petitioned another financial regulator, the US Commodity Futures Trading Commission (CFTC) as well as the SEC itself to confirm categorizing crypto derivative products.
While the SEC is still doubling down on crypto, and will likely continue to do so for the remaining few months of the Biden Administration, many US investors have doubled down on buying crypto, optimistic about the upcoming change in leadership. For many, that means buying cryptocurrencies that are still in presale, as their prices typically tend to jump after launch, especially when it comes to coins and tokens that see high demand during ICOs, such as Pepe Unchained (PEPU).
JOIN THE PEPE UNCHAINED ICO BEFORE ITS TOKEN GOES LIVE
What Is Pepe Unchained?
Pepe Unchained is a new Pepe-inspired meme coin, and the newest alternative to the original Pepe (PEPE). While the original Pepe became popular enough to reach the rank of the third-largest meme coin by market cap, the project still suffers from certain technical limitations that come from the Ethereum network, on which it runs.
Like ETH, PEPE is suffering from transactions that are too slow, fees that are too high, and the inability to scale when the demand grows. Pepe Unchained fixed this for itself by becoming the first Pepe meme coin to launch on its own blockchain. Its Layer-2 chain enables it to be much faster, extremely cheap, and grants it the ability to scale as needed.
BUY PEPU WHILE ITS PRICE IS LOW
It will also have a native block explorer, its own DEX, the PEPU Foundation to back it, and more. Many have speculated that these advantages might allow it to overcome even Pepe itself, which is why its presale blew up, becoming the most popular meme coin ICO in 2024.
To date, the project raised over $18.5 million, and with the ICO still ongoing, it is not too late to join now. The PEPU token sells for only $0.00995, and you can buy it with USDT, ETH, BNB, or credit/debit cards.
