Bullet points of Crypto startup accuses SEC of ‘massive regulatory land grab’
Bullet points of Crypto startup accuses SEC of ‘massive regulatory land grab’
- Lejilex is seeking a preemptive ruling from a Texas federal court to clear it from potential SEC enforcement action before launching a crypto exchange.
- The SEC claims that Lejilex's business will violate securities laws, while Lejilex argues that it will only facilitate crypto transactions and not sell securities.
- The legal battle is part of a larger debate over the classification of crypto and the regulatory power of the SEC.
- Lejilex is seeking a preemptive ruling from a Texas federal court to clear it from potential SEC enforcement action before launching a crypto exchange.
- The SEC claims that Lejilex's business will violate securities laws, while Lejilex argues that it will only facilitate crypto transactions and not sell securities.
- The legal battle is part of a larger debate over the classification of crypto and the regulatory power of the SEC.