Digital Chamber Files LEJILEX Amicus Brief in SEC Case

Quick Summary:

The Digital Chamber of Commerce has filed a motion for leave to file amicus brief in the existing lawsuit that is between LEJILEX and Crypto Freedom Alliance of Texas (CFAT) against SEC.

The organization intends to assist in the plaintiffs’ goal of blocking the SEC from governing the digital assets sector without a legislative basis.

According to The Digital Chamber, the current approach by the SEC is unconstitutional because it encroaches on the role of Congress in regulating the digital asset industry.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: IndiaUnited States

Topics: Crypto Regulation Securities and Exchange Commission 24/7 Cryptocurrency News Regulation News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 22:27:36 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 538 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21579135

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Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 8 hours ago

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