18 U.S. States Sue SEC, Alleging Overreach in Crypto Regulation

Quick Summary:

States Sue SEC, Alleging Overreach in Crypto Regulation Eighteen U.S.states have filed a lawsuit against the Securities and Exchange Commission (SEC), accusing the agency of overstepping its regulatory authority in the cryptocurrency industry.

Lack of Clear Regulatory Framework: The lawsuit emphasizes that the SEC has not provided a clear regulatory framework for crypto companies, opting instead to enforce compliance through lawsuits.

This “regulation by enforcement” approach has been controversial, with critics arguing that it discourages innovation and forces crypto companies to operate in a regulatory gray area.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: U.S. States Sue SEC Over Crypto Regulation Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 13:34:10 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 842 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23603057

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 21 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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