This week marked a significant shift in the cryptocurrency industry's strategy against regulatory pressures, particularly from the SEC (@SECGov) and the Biden (@JoeBiden) administration. LEJILEX, alongside the Crypto Freedom Alliance of Texas, filed a lawsuit asking the court to declare that digital assets sold on the secondary market are not investment contracts and therefore should not be subject to SEC enforcement actions for alleged registration violations. This legal action is part of a broader coordinated effort by crypto companies to challenge regulatory crackdowns through legal and lobbying means, as reported by @FoxBusiness. Additionally, the industry's move to go on the offensive was highlighted by @CoinDesk, with insights from @amandatums, as an example of "impact litigation," a tactic aimed at achieving regulatory clarity. Meanwhile, FINRA has been ramping up its regulatory mission in the crypto space, and the U.S. Department of Justice is shifting its focus towards tackling large-scale actors in the crypto industry to promote compliance.