SEC Claims Lejilex’s Lawsuit Seeks to “Redefine Crypto as Non-Security”

Crypto startup Lejilex and the United States Securities and Exchange Commission (SEC) are engaged in a legal battle over the classification of cryptocurrencies. Both parties have submitted competing briefs for summary judgment in a Texas federal court. Lejilex, which is part of the Crypto Freedom Alliance of Texas, filed its brief on October 3. The…