Summary of Crypto startup accuses SEC of ‘massive regulatory land grab’
Summary of Crypto startup accuses SEC of ‘massive regulatory land grab’
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2024-10/01925601-647f-7a48-a499-ecbed3da1f02
The source article:
Lejilex, a crypto startup, is engaged in a legal battle with the SEC over the classification of crypto. 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.
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2024-10/01925601-647f-7a48-a499-ecbed3da1f02
The source article:
quoting nevent1q…6pflCrypto startup accuses SEC of ‘massive regulatory land grab’
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2024-10/01925601-647f-7a48-a499-ecbed3da1f02
Lejilex asked a Texas federal court for a preemptive ruling that would clear it from any potential SEC enforcement action before it launches a crypto exchange.
https://cointelegraph.com/news/crypto-startup-accuses-sec-regulatory-land-grab
Lejilex, a crypto startup, is engaged in a legal battle with the SEC over the classification of crypto. 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.