Crypto Groups, 7 States File Amicus Briefs in Fort Worth SEC Case
The U.S. Securities and Exchange Commission is overstepping its authority and bringing unfair enforcement actions against the cryptocurrency industry, several interested parties have argued in amicus briefs filed in a lawsuit asking Judge Reed C. O'Connor to rule that digital assets are not securities. LEJILEX, a Texas company that intends to launch a digital asset trading platform, filed suit against the SEC in February. Seven states also argue the SEC’s aggressive actions threaten to preempt dozens of state laws.