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A coalition of crypto companies, including LEJILEX and the Crypto Freedom Alliance of Texas, has filed a proactive lawsuit against the SEC, challenging its enforcement actions on digital assets. The lawsuit seeks clarity on whether crypto assets traded on secondary markets are securities. This move comes after the SEC's aggressive actions, including the recent lawsuit against Coinbase. The industry aims to push back against what they perceive as the SEC's overreach and lack of regulatory clarity.
Highlights from this week's newsletter🗞️: • LEJILEX asks court to rule that digital assets sold on the secondary market are not investment contracts and that it's free to operate without fear of SEC enforcement actions for alleged registration violations. • @GOPMajorityWhip…
The @TXblockchain_ and @RiotPlatforms are suing the Dept of Energy over a mandated survey of Bitcoin miners' electricity usage: https://t.co/h7NwCnwjvC Asking for a TRO against the survey: https://t.co/ZwjNTChbvx https://t.co/KzwlD2vQHd
Riot and Texas Blockchain Council Challenge US Government’s #Bitcoin Mining Data Request in Court https://t.co/QxFhsorjLh