Crypto startup Lejilex and the United States Securities and Exchange Commission have filed competing briefs for summary judgment in a Texas federal court, escalating their legal battle over the classification of crypto. Lejilex, part of the Crypto Freedom Alliance of Texas, said in its Oct. 3 brief that it would facilitate crypto transactions, not sell securities, and accused the SEC of overreaching its regulatory power. “The fact that the SEC perceives digital assets to be different is no justification for its massive regulatory land grab.” The Texas-based firm was founded last year and plans…