On February 21, 2024, LEJILEX and the Crypto Freedom Alliance of Texas (“CFAT”) announced that they brought a pre-enforcement challenge against SEC. In this blog post, we explore what a pre-enforcement challenge is and why LEJILEX and CFAT went down this road, the details of the suit, what success for LEJILEX and CFAT looks like, and the implications of this action for the digital asset industry in the United States. Let’s dive in. What is a Pre-Enforcement Challenge?A pre-enforceme...
