Republican AGs Sue to Stop SEC From Regulating Crypto
Republican attorneys general from more than a dozen states have filed a lawsuit against the Securities and Exchange Commission alleging that the agency has exceeded its authority by seeking to regulate cryptocurrencies.
The lawsuit is the latest sign of the crypto industry’s growing political influence. President-Elect Donald Trump has promised to make the U.S. the “crypto capital of the planet” and to fire SEC Chair Gary Gensler. The industry poured more than $135 million into federal campaigns during the last election, with overwhelming success.
The plaintiffs in the suit against the SEC include the attorneys general from Kentucky, Nebraska, Tennessee, West Virginia, Iowa, Texas,…
