Breaking: 18 States Sue US SEC For Constitutional Overreach In Crypto Regulation

Quick Summary:

Eighteen US states have filed a lawsuit against the Securities and Exchange Commission (SEC), its commissioners, and the SEC Chairman, Gary Gensler, for unconstitutional overreach and unfair persecution of the cryptocurrency industry.

Instead, without Congressional authorization, the SEC has sought to unilaterally wrest regulatory authority away from the States through an ongoing series of enforcement actions.

Stark emphasized that ongoing investigations and regulatory initiatives targeting the crypto industry should be paused to allow for a smoother leadership transition.

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Article Details

Author / Journalist: Teuta Franjkovic

Category: Crypto

Markets: IndiaUnited States

Topics: Gary Gensler US SEC Crypto vs sec 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 20:28:07 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 453 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 23592213

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 42 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #59

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