Coinbase Files Case Against SEC Over Crypto Regulation

A consortium of major players in the crypto industry has filed a lawsuit against the U.S. Securities and Exchange Commission in Texas, challenging what they perceive as years of misguided enforcement actions by the regulatory agency. Legal Battle for Regulatory Clarity Led by the Crypto Freedom Alliance of Texas (CFAT) and Fort Worth-based startup crypto exchange Lejilex, the lawsuit seeks judicial clarity regarding the SECs regulatory jurisdiction over digital asset transactions in Texas. The plaintiffs argue that the SECs claims of authority in this realm are unfounded and exceed...


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