A Texas company seeking to start a cryptocurrency platform and an advocacy group have sued the SEC, asking a federal court to declare digital assets outside the agency’s reach and to prevent potential enforcement actions.
The Securities and Exchange Commission takes the position that nearly all digital asset transactions fall under federal securities laws, Lejilex and the Crypto Freedom Alliance of Texas say in their complaint, filed Wednesday in the US District Court for the Northern District of Texas. “That position threatens law-abiding participants in the digital asset industry with an imminent risk of being subjected to SEC enforcement actions ...
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