Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Crypto companies are initiating lawsuits against the U.S. Securities and Exchange Commission (SEC) in Texas and Louisiana, aiming to challenge the agency's jurisdiction over digital assets, particularly futures contracts. The complaints argue that the SEC is attempting to extend its authority beyond its statutory limits. The Fifth Circuit, known for its conservative leanings, is seen as a more favorable venue for these cases, as firms believe it may be more likely to rule in their favor. This strategic legal move is part of a broader effort by the crypto industry to contest regulatory actions that they perceive as overreach. Ripple's President has expressed confidence that a recent court ruling will withstand any SEC appeal.
CRYPTO COMPANIES PLAY OFFENSE, SUE SEC IN TEXAS COURTS Crypto firms are taking the SEC to court—on their own turf. Filing cases in Texas and Louisiana, they’re hoping for a more sympathetic hearing in the Fifth Circuit, which leans conservative. These companies are aiming for a… https://t.co/U7QGtHmO3a
CRYPTO FIRMS FILE SUITS AGAINST SEC IN CONSERVATIVE TEXAS COURTS TO CHALLENGE REGULATION Crypto companies are proactively suing the SEC in the conservative Fifth Circuit, which includes Texas and Louisiana, seeking a more favorable interpretation of whether digital assets should… https://t.co/6leUa9wuvX
🚨 JUST IN: Ripple President “confident” court ruling will stand up to SEC appeal https://t.co/fEptcT0MVt
