Crypto Firm Sues SEC Over Authority Dispute

Texas-based crypto company Lejilex and Crypto Freedom Alliance of Texas (CFAT) filed a lawsuit against the U.S. Securities and Exchange Commission, claiming regulatory overreach. They argue the SEC lacks clear jurisdiction over digital assets, seeking court affirmation that tokens traded on exchanges aren’t securities. The move follows previous SEC actions against major exchanges like Coinbase and Binance.

Share:

Related: