SEC sued over unlawful targeting of crypto industry
The US Securities and Exchange Commission (SEC) has been sued in Texas for “unlawful targeting” digital asset businesses. The lawsuit was filed in the United States District Court for the Northern District of Texas on Wednesday by crypto startup LEJILEX and Crypto Freedom Alliance of Texas LEJILEX is filing the lawsuit ahead of its plans to launch a digital assets exchange. Texas-based non-profit platforms LEJILEX and Crypto Freedom Alliance of Texas (CFAT), have filed a lawsuit against the US Securities and Exchange Commission (SEC), arguing that the regulator has over the past few years overreached in its regulatory approach to the crypto industry. SEC sued for regulatory “overreach” A complaint filed in the United States District Court for the Northern District of Texas alleges that the SEC has “unlawful” asserted its regulatory authority all over the crypto space across Texas and the United States. “ This case, ...