Court Pauses 18-State Lawsuit Against SEC Over Crypto Trading Rules Ahead of Possible Settlement
Just days after acting SEC chairman Mark Uyeda suggested temporary regulatory relief may be coming for crypto exchanges, a federal district judge in Kentucky agreed to place a 60-day pause on a lawsuit brought by 18 states against the agency over the its moves to regulate the crypto trading platforms, according to a report in Coindesk.
The 18 state attorneys general, all Republican, along with the DeFi Education Fund, filed the lawsuit in November alleging the federal securities regulator under then chairman Gary Gensler had exceeded its authority in filing lawsuits against crypto exchanges within their…
