Crypto Chronicle with NewsCrypto

Welcome back NewsCrypto readers!

Today we are going to tell you how you can become a lucky winner whose $NWC holdings could be doubled or even quadrupled!

We are also going to dive in on how the crypto community has come together and filed a lawsuit against the SEC.

Here's what we got on the menu today:

1. We Are Doubling Your $NWC Holdings

2. Lawsuit Against SEC Was Just Filled in Texas

3. Funny Meme

We are Doubling Your $NWC Holdings

We have just launched a unique SNAPSHOT event, aimed at rewarding the community members in a big way.

If you're a fan of free money and crypto security, you'll want to pay close attention to this article!

The Essence of the SNAPSHOT Event

As a project deeply rooted in education, we are on a mission to teach our community about the importance of crypto security specifically taking custody of your crypto.

To reward you for taking this important step in securing your crypto, we offer incentives for using our non-custodial mobile wallet which is the safest method of token storage.

Here's How It Works:

Throughout this event, we will conduct random snapshots of NWC mobile wallet addresses. If your address is holding NWC tokens at the time of a snapshot, you're in luck - your $NWC balance could be doubled!

The event has already kicked off, but don't worry if you've missed the first snapshot or weren't among the initial winners. The snapshots will occur randomly but at least 10 times per week.

There's More!

In addition to doubling $NWC tokens, NewsCrypto is upping the ante by offering a chance to win 100,000 $NWC tokens, a prize currently valued at over $7,500!

Increasing Your Odds of Winning:

Continuous participation. The longer you keep your $NWC in the NewsCrypto mobile wallet, the better your chances of winning.

If you were among the winners already do not move your $NWC. Every address can be selected more than once.

Take action immediately to secure your spot among the winners.

If you have NWC tokens staked on our platform, you can use the NewsCrypto platform deposit memo as a memo in a transaction of your NWC bag to the NWC mobile wallet. This way we will know that you are a NWC staker. The winner who is also a staker will get their $NWC holdings quadrupled (4x) instead of doubled!

First 10 Winners

10 NewsCrypto mobile wallet addresses have already been randomly selected and rewarded by doubling their $NWC holdings.

Read to the end to check out the winners.

Don't Miss Out!

Secure your $NWC assets by holding them in NewsCrypto’s non-custodial mobile wallet. If you haven't yet downloaded the wallet, it's available on both Google Play Store and iOS:

· Google Play Store: Download here

· iOS: Download here

Check the winners 👉🏼here👈🏼

Lawsuit Against SEC Was Just Filled in Texas

The crypto community has taken a bold step against its long-standing enemy, the SEC. The recent lawsuit filed by LEJILEX, a digital asset company, alongside the Crypto Freedom Alliance of Texas (CFAT), marks a pivotal moment in the ongoing battle between digital asset innovators and the regulatory giant.

Let's unpack this.

A Bold Move in Texas

The heart of the matter lies in the claim that the SEC lacks the congressional authority to regulate digital assets as it has been attempting to. This is a challenge to the SEC's recent enforcement actions, which have been described as embracing a "novel position" that nearly all digital asset transactions involve 'investment contracts' under federal securities laws.

The Plaintiff

LEJILEX, aspiring to launch a new digital asset trading platform fears future SEC actions based on the agency's past behavior. Meanwhile, CFAT fights the cause of responsible crypto policy development in Texas, arguing that the SEC's control hinders other authorities' ability to regulate digital assets appropriately.

The lawsuit follows a series of high-profile SEC actions against major players in the crypto space, including Ripple, Coinbase, and Binance. These cases have not only heightened the sense of urgency within the crypto community but have also spotlighted the need for clear regulatory guidelines.

Seeking Clarity and Consistency

At the heart of the lawsuit is a plea for regulatory clarity. The complaint criticizes the SEC for not proposing any regulations that clearly define what brings a digital asset within its regulatory domain. This lack of guidance has left companies like Coinbase seeking clarity in vain, only to be met with denial from the SEC.

The Legal Landscape Ahead

The lawsuit opens the door for the Fifth Circuit Court to weigh in on the matter, potentially leading to a split in judicial opinion regarding the SEC's authority over crypto assets. This could have significant implications for the future of crypto regulation in the United States.

Funny Meme