Crypto Suit Uses Texas Legal Strategy to Dial Up Attack on SEC

Oct. 30, 2024, 8:45 AM UTC

A suit brought by a leading crypto trading platform seeking to preempt enforcement activity by Wall Street’s top cops shows how much the industry is leaning on courts in the Lone Star State to fight US oversight.

Crypto.com’s suit against the SEC, filed this month in Texas federal district court, represents an escalation in the industry’s battle to rein in how the agency polices digital assets.

“In response to what some have called the SEC’s war on crypto, some market participants have strategically filed suits against the SEC in jurisdictions that are considered to be more receptive to claims of ...

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