The SEC Was Accused of Unlawful Regulation - The Judge To Determine When Will Be the End of the Regulator’s Fight Against Unregistered Crypto Securities


CFAT and Lejilex state that the SEC is exceeding its jurisdiction and the purpose of the complaint is to confirm that transactions in digital assets are not sales of securities requiring registration.





Once the case has been assigned to Judge Reed O'Connor, an appointee of former President George W. Bush with a history of ruling in favor of LGBTQ rights challenges, there is reason to believe things will go downhill.


Unfortunately, the appointment of Judge Reed O'Connor, known for his decisions regarding the rights of the LGBT community, raises legitimate concerns about bias in the Lejilex v. SEC case.


Let me remind you that O'Connor was appointed during the administration of George W. Bush, whose presidency was marked by many failures, including the wars in Iraq and Afghanistan, launched under the false pretext of fighting terrorism and not bringing success in this fight.


Also under Bush, there was the devastating financial crisis of 2008. And now a judge appointed under this particular president will decide the fate of the crypto industry in the United States.


Given the reputation of Judge O'Connor and the negative experience of the Bush era, there is every reason to believe that the outcome of the Lejilex v. SEC cases may be predetermined not in favor of the development of the cryptosphere. 


#SECUnlawfulRegulation #CryptoSecuritiesFight #JudgeReedOConnorChallenge #LejilexVsSEC #CryptoIndustryFate

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