Republican-led states sue SEC over cryptocurrency regulations, claiming federal overreach.

Eighteen Republican-led states have filed a lawsuit against the SEC and its Chairman Gary Gensler, arguing the agency is overstepping its regulatory authority over the cryptocurrency sector. The lawsuit, filed in Kentucky, claims the SEC's actions lack clear standards, impose undue burdens, and threaten to override state regulations designed to protect consumers. The plaintiffs seek relief to promote innovation while ensuring consumer protection without federal overreach.

November 14, 2024
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