18 states sue SEC, Gensler for ‘regulatory overreach’ on crypto
- Eighteen states have jointly filed a lawsuit against the Securities and Exchange Commission and its five commissioners over alleged unconstitutional overreach regarding the cryptocurrency industry.
- The lawsuit was filed in a Kentucky district court by Republican attorneys general from 18 states, claiming the SEC has acted without proper regulatory frameworks.
- The lawsuit argues that the SEC's actions infringe on states' rights to manage their economies, introducing "significant risks" to a rapidly growing sector.
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Leaning Left0Leaning Right2Center3Last UpdatedBias Distribution60% Center
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- 60% of the sources are Center
60% Center
C 60%
R 40%
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