Judge Pauses 18-state Lawsuit Against SEC Over Crypto Regulation
The lawsuit that 18 state attorneys general and the DeFi Education Fund filed against the Securities and Exchange Commission (SEC) has received a 60-day stay from a Kentucky federal judge.
The legal proceeding initiated by the SEC in November 2023 faces a 60-day pause because it accused the SEC of exercising unauthorized oversight against cryptocurrency exchanges through enforcement measures. Plaintiffs maintain that former SEC Chair Gary Gensler led the regulator to exceed its authority when it acted unilaterally without receiving congressional approval.
On April 16, 2025, Kentucky District Court Judge Gregory Van Tatenhove imposed a stay following joint agreements from the plaintiffs and the SEC that new leadership at the agency might…
