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

flag 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. flag 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. flag The plaintiffs seek relief to promote innovation while ensuring consumer protection without federal overreach.

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