🚀 Big news in the crypto world! A coalition of state attorneys general and the DeFi Education Fund have filed a lawsuit against the SEC, claiming the agency is overstepping its bounds with enforcement actions against crypto exchanges. The suit, filed in Kentucky, argues that the SEC's approach violates the Administrative Procedures Act and encroaches on states' rights.

- The lawsuit challenges the SEC's authority, citing the major questions doctrine.

- With Gary Gensler's departure, changes in the SEC's stance could be on the horizon.

- What are your thoughts on the SEC's role in crypto regulation? Share in the comments!