18 States Sue SEC and Gary Gensler for Alleged ‘Regulatory Overreach’ on Crypto

The Securities and Exchange Commission (SEC) and its Chair, Gary Gensler, are facing significant legal pushback from 18 Republican attorneys general, who have filed a lawsuit accusing the agency of overstepping its regulatory bounds in its enforcement actions against the cryptocurrency industry. The lawsuit, led by Kentucky Attorney General Russell Coleman, is a pivotal moment in the ongoing battle over the future of crypto regulation in the United States.