[18 U.S. states sue the U.S. Securities and Exchange Commission for "unconstitutional overreach" of digital assets] Golden Finance reported that on Thursday afternoon, 18 states led by Kentucky Attorney General Russell Coleman, in cooperation with the cryptocurrency advocacy organization DeFi Education Fund, jointly sued the U.S. Securities and Exchange Commission (SEC) and its five commissioners in the Kentucky District Court. They accused the SEC, under the leadership of Chairman Gary Gensler, of unconstitutional excessive interference and unfair persecution of the $3 trillion cryptocurrency industry. The lawsuit was co-signed by 18 Republican state attorneys general, including Nebraska, Tennessee, West Virginia, Iowa, Texas, Mississippi, Montana, Arkansas, Ohio, Kansas, Missouri, Indiana, Utah, Louisiana, South Carolina, Oklahoma and Florida. The lawsuit was written in partnership with the DeFi Education Fund, a cryptocurrency advocacy group that advocates for sound decentralized finance policies.

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