Crypto Vs. Gensler: 18 States File Lawsuit Against SEC Over Alleged Industry Persecution

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Crypto Vs. Gensler: 18 States File Lawsuit Against SEC Over Alleged Industry Persecution - NewsBTC

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Today, critics are taking Gensler to court over what they claim as the agency’s "gross government overreach.” Related Reading: Solana Rising: Key Metrics Hint At Serious Ethereum Competitor According to Eleanor Terrett of Fox Business, 18 states are already frustrated with Gensler’s management style, affecting the crypto industry.

According to Attorney General Coleman, the agency is trying to remove the regulatory authority away from states on cryptocurrency enforcement.🚨SCOOP: 18 U.S.states have filed to sue the @SECGov and its commissioners, accusing them of unconstitutional overreach and unfair persecution of the #crypto industry under the leadership of agency chief @GaryGensler.

The lawsuit, signed by 18 Republican Attorneys General,… pic.twitter.com/wxOovuIRQH — Eleanor Terrett (@EleanorTerrett) November 14, 2024 Gensler’s "regulation by enforcement” removes the states’ control over regulation and deprives them of the opportunity to define their economic policies.