Crypto exchange files complaint against SEC for “de facto” rule

On October 8, a crypto exchange company filed a complaint against the SEC in the U.S. District Court for the Eastern Division of Texas, Tyler Division, seeking declaratory and injunctive relief to prevent the SEC from expanding its jurisdiction to cover secondary-market sales of certain network tokens sold on the plaintiff’s platform....
By: Orrick, Herrington & Sutcliffe LLP

Orrick, Herrington & Sutcliffe LLP