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CRYPTO STARTUP CHALLENGES SEC’S ‘REGULATORY LAND GRAB’ Lejilex is battling the SEC in Texas, claiming they’re here to help with crypto, not sell securities. They’re calling the SEC’s moves a “massive regulatory land grab” and want the court to give them the go-ahead to launch… https://t.co/WXy2exAD9r
CRYPTO STARTUP FIGHTS BACK AGAINST SEC'S REGULATORY OVERREACH Crypto startup Lejilex is clashing with the SEC in a Texas federal court, accusing the agency of a "massive regulatory land grab" as they seek a ruling that their planned crypto exchange won’t violate securities laws.… https://t.co/7FbqPxy3yW
A crypto startup has requested legal protection from the SEC ahead of launching its exchange, citing concerns of a "regulatory land grab".
The SEC has appealed a decision that limited its oversight of the cryptocurrency sector. Meanwhile, on October 3, Coinbase has taken legal action, demanding that the Commodity Futures Trading Commission (CFTC) release its communications with issuers of 12 tokens labeled as unregistered securities by the SEC. This motion was filed on October 1. In a related development, crypto startup Lejilex in Texas is challenging the SEC in a Texas federal court, accusing the agency of a 'massive regulatory land grab' and seeking a ruling to allow the launch of their crypto exchange without violating securities laws.