According to Fox reporter Eleanor Terrett, 18 U.S. states have recently filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and its commissioners, accusing the SEC, under the leadership of Chairman Gary Gensler, of implementing unconstitutional overreach and unfair suppression of the cryptocurrency industry. The lawsuit, signed by 18 Republican state attorneys general, claims that the SEC's "enforcement over regulation" approach has severely overstepped its authority, infringing upon the states' rights to regulate their own economies.

Eighteen states in the United States have filed a lawsuit against the SEC, accusing the agency of unfair persecution of the cryptocurrency industry and unconstitutional overreach.

Odaily Planet Daily News - Fox Business reporter Eleanor Terrett posted on the X platform that 18 states in the U.S. have filed a lawsuit against the SEC and its commissioners, accusing them of unconstitutional overreach under Gary Gensler's leadership and unfair persecution of the cryptocurrency industry. The lawsuit, signed by the attorneys general of these 18 states (all Republicans), details how the agency has implemented "severe government overreach" through enforcement against an industry worth $3 trillion, thus infringing on the regulatory and economic interests of the states.

Fox: 18 States in the U.S. Sue SEC, Accusing It of Unconstitutional Persecution of the Cryptocurrency Industry

The attorneys general of 18 states in the United States have jointly initiated a lawsuit, accusing the SEC of overstepping its regulatory authority over cryptocurrencies at the state level.

According to Foresight News, FOX reporter Eleanor Terrett stated on social media that "18 states in the U.S. have filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and its commissioners, accusing them of unconstitutional overreach and unfair treatment of the crypto industry under the leadership of Chairman Gary Gensler. The lawsuit, signed by 18 Republican state attorneys general, details how the agency has severely overstepped government authority through enforcement actions against an industry valued at 3 trillion dollars, infringing upon states' rights to regulate their economies." The lawsuit seeks a court declaration that digital asset trading is not an investment contract and requests an order to prevent the SEC from prosecuting digital asset platforms that fail to register as exchanges, dealers, brokers, or clearing agencies in the future.

Eighteen state attorneys general in the United States have jointly filed a lawsuit, accusing the SEC of overstepping its authority in regulating cryptocurrencies at the state level.

Eighteen states in the United States have jointly sued the SEC, accusing it of excessive regulation of the cryptocurrency industry.

<div>
According to a report from Fox Business journalist Eleanor Terrett on November 15, 18 states in the United States have jointly filed a lawsuit against the Securities and Exchange Commission (SEC) and its commissioners. The lawsuit, signed by 18 Republican state attorneys general, accuses the SEC, under the leadership of Chairman Gary Gensler, of implementing "serious government overreach" in the $3 trillion cryptocurrency industry, regulating through enforcement actions and infringing upon the states' rights to regulate their economies.
The lawsuit alleges that the SEC's regulatory actions against the cryptocurrency industry are unconstitutional and constitute unfair persecution. This marks the first collective legal action taken by U.S. states against the SEC's cryptocurrency regulatory policies, demonstrating strong dissatisfaction from local governments over the federal regulatory agency's enforcement methods in the cryptocurrency space.
</div>

According to Fox reporter Eleanor Terrett, 18 U.S. states recently filed a lawsuit against the U.S. SEC and its commissioners, alleging that under the leadership of Chairman Gary Gensler, the SEC has imposed unconstitutional excessive and unfair regulation on the crypto industry, infringing on the state government's right to regulate its own economy. 

Attorneys General from 18 states in the United States have initiated a lawsuit, accusing the SEC of overstepping its regulatory authority and "persecuting" the cryptocurrency industry.

PANews, November 15 — According to Fox Business reporter Eleanor Terrett, 18 states in the United States have filed a lawsuit against the Securities and Exchange Commission (SEC) and its commissioners, accusing them of unconstitutional overreach and unjust "persecution" of the crypto industry under the leadership of SEC Chairman Gary Gensler. The lawsuit, signed by 18 Republican state attorneys general, details how the agency has engaged in "serious government overreach" through enforcement actions against an industry worth $3 trillion, infringing upon states' powers to regulate their economies. The 18 Republican state attorneys general are asking the court to declare that "digital asset transactions are not investment contracts" and to issue an order preventing the SEC from filing charges in the future against "digital asset platforms that fail to register as securities exchanges, dealers, brokers, or clearing agencies." According to the complaint, many states have already developed their own regulatory frameworks for the crypto industry and have encouraged its growth.

According to Nebraska Attorney General Mike Hilgers, Nebraska and Kentucky are jointly leading a coalition of 18 states challenging the Biden-Harris administration’s illegal and extensive regulations on cryptocurrencies. In the lawsuit filed in the U.S. District Court for the Eastern District of Kentucky, the state attorneys general and other parties accuse the SEC of exceeding its authority. Despite the SEC and its chairman previously taking action and issuing public statements, the agency has launched a regulatory assault on crypto companies. The SEC has exceeded the authority granted by Congress, attempting to classify cryptocurrencies as investment contracts to bring them under its regulation. In addition to Nebraska and Kentucky, the participating states include Arkansas, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Montana, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah, and West Virginia.

Attorneys General from 18 U.S. states sue the SEC, accusing it of overstepping its regulatory authority and "persecuting" the cryptocurrency industry.

Eighteen state attorneys general in the United States have jointly filed a lawsuit accusing the U.S. SEC of overstepping its regulatory bounds in the cryptocurrency space at the state level.

BlockBeats News, November 15th, FOX reporter Eleanor Terrett posted on social media, stating, "18 states in the United States have filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and its commissioners, accusing them of unconstitutional overreach and unfair treatment of the crypto industry under SEC Chairman Gary Gensler's leadership." The lawsuit, signed by 18 Republican state attorneys general, details how the agency has conducted "severe government overreach" through enforcement actions against the $3 trillion industry and infringed on states' regulatory authority over their economies." Nebraska Attorney General Mike Hilgers stated, "Nebraska and Kentucky are co-leading a coalition of 18 states challenging the Biden-Harris administration's illegal and broad-based regulation of cryptocurrency. In the lawsuit filed in the U.S. District Court for the Eastern District of Kentucky, state attorneys general and other stakeholders accuse the U.S. Securities and Exchange Commission (SEC) of exceeding its authority." Despite the Securities and Exchange Commission and its chairman taking previous actions and issuing public statements, the agency has still launched a regulatory offensive against crypto companies. The SEC has overstepped the authority granted by Congress, attempting to classify cryptocurrencies as investment contracts—such as stocks or bonds—subjecting them to SEC regulation. In addition to Nebraska and Kentucky, the participating states include Arkansas, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Montana, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah, and West Virginia." The 18 Republican state attorneys general are asking the court to declare that "digital asset transactions are not investment contracts" and issue an order to prevent the SEC from bringing charges in the future against "digital asset platforms that have not registered as securities exchanges, dealers, brokers, or clearing agencies." According to the complaint, many states have already established their own regulatory frameworks for the crypto industry and have been encouraging industry growth.

BlockBeats reported that on November 15, FOX reporter Eleanor Terrett posted on social media stating, "Eighteen states in the United States have filed a lawsuit against the Securities and Exchange Commission (SEC) and its commissioners, accusing them of unconstitutional overreach and unfair treatment of the cryptocurrency industry under the leadership of SEC Chairman Gary Gensler. The lawsuit, signed by 18 Republican state attorneys general, details how the agency has engaged in "severe government overreach" through enforcement actions against the $3 trillion industry, infringing upon the states' rights to regulate their economies." Nebraska Attorney General Mike Hilgers commented, "Nebraska and Kentucky are jointly leading a coalition of 18 states challenging the Biden and Harris administration's illegal and extensive regulation of cryptocurrency. In the lawsuit submitted to the U.S. District Court for the Eastern District of Kentucky, the state attorneys general and other parties accuse the SEC of overstepping its authority. Despite the SEC and its chairman having previously taken action and made public statements, the agency has launched a regulatory assault on cryptocurrency companies. The SEC has exceeded the powers granted by Congress, attempting to classify cryptocurrencies as investment contracts—similar to stocks or bonds—thus placing them under SEC regulation. In addition to Nebraska and Kentucky, the participating states include Arkansas, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Montana, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah, and West Virginia." The 18 Republican state attorneys general are asking the court to declare that "digital asset transactions are not investment contracts" and to issue an order preventing the SEC from bringing future charges against "digital asset platforms that fail to register as securities exchanges, dealers, brokers, or clearing agencies."
 According to the complaint, many states have already established their own regulatory frameworks for the cryptocurrency industry and encouraged its development.

Eighteen state attorneys general in the United States have jointly filed a lawsuit, accusing the SEC of overstepping its regulatory authority over cryptocurrencies at the state level.

A lawsuit has been filed by 18 states and their Attorneys General against the SEC and Chairman Gary Gensler for alleged overreach in enforcing securities laws on the crypto industry. The suit also involves the DeFi Education Fund, claiming regulatory overreach.

18 States Sue SEC and Gary Gensler Over Crypto Overreach

According to Fox reporter Eleanor Terrett, 18 U.S. states recently filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and its commissioners, accusing the SEC of unconstitutional overreach and unfair suppression of the cryptocurrency industry under the leadership of Chairman Gary Gensler. The lawsuit, signed by 18 Republican state attorneys general, claims that the SEC's practice of "enforcement over regulation" has severely overstepped its authority and infringed upon the states' rights to regulate their own economies.

18 U.S. states sue the SEC, accusing it of excessive regulation of the cryptocurrency industry

JUST IN: 🇺🇸 18 US states sue the SEC, alleging unconstitutional overreach and unfair persecution of the crypto industry under Gary Gensler.

According to the latest information shared by crypto journalist Eleanor Terrett, multiple states have filed lawsuits against the SEC. Eighteen US states have filed lawsuits against the SEC and its members, accusing them of violating the constitution and exerting unfair pressure on the crypto industry under the leadership of agency chairman Gary Gensler. The lawsuit, signed by 18 Republican attorneys general, says the agency is engaging in “big government overreach” with its enforcement efforts against the $3 trillion industry, which has resulted in a violation of states’ rights to regulate their economies. *This is not investment advice.

Eighteen US states have filed lawsuits against the SEC and its members, accusing them of violating the constitution and exerting unfair pressure on the crypto industry under the leadership of agency chairman Gary Gensler. The lawsuit, signed by 18 Republican attorneys general, says the agency is engaging in “big government overreach” with its enforcement efforts against the $3 trillion industry, which has resulted in a violation of states’ rights to regulate their economies. *This is not investment advice.

18 States in the US Sue the SEC and Chair Gary Gensler for Cryptocurrency Actions

18 US states sue SEC over crypto regulation, alleging unconstitutional overreach, impacting state-level frameworks for oversight.

18 US states sue SEC over crypto regulation, alleging unconstitutional overreach, impacting state-level frameworks for oversight.
The post <a href="https://cryptobriefing.com/crypto-regulation-lawsuit-states-vs-sec/" target="_blank">18 US states file lawsuit against SEC for overregulating crypto</a> appeared first on <a href="https://cryptobriefing.com" target="_blank">Crypto Briefing</a>.

18 US states file lawsuit against SEC for overregulating crypto

President-elect Trump has vowed to fire SEC Chairman Gary Gensler and replace him with a more crypto-friendly SEC head.

<img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/24/11/15/713wtt2goojx.png'/>President-elect Trump has vowed to fire SEC Chairman Gary Gensler and replace him with a more crypto-friendly SEC head.

18 US states file lawsuit against SEC and Gary Gensler

根据Fox记者Eleanor Terrett的报道，近日18个美国州对美国证券交易委员会（SEC）及其委员提起了诉讼，指控在主席Gary Gensler的领导下，SEC实施了违宪的过度干预和对加密货币行业的不公正打压。这起由18位共和党州总检察长签署的诉讼声称，SEC的"执法高于监管"的做法严重超出了其权限，侵犯了各州监管自身经济的权利。

18个美国州起诉SEC，指控其对加密货币行业的监管过于严格。

根據Fox記者Eleanor Terrett的報道，近日18個美國州對美國證券交易委員會（SEC）及其委員提起了訴訟，指控在主席Gary Gensler的領導下，SEC實施了違憲的過度干預和對加密貨幣行業的不公正打壓。這起由18位共和黨州總檢察長簽署的訴訟聲稱，SEC的"執法高於監管"的做法嚴重超出了其權限，侵犯了各州監管自身經濟的權利。