【18 US states file lawsuit against SEC and GaryGensler】

According to An Shouzheng, 18 US states have filed a lawsuit against the US Securities and Exchange Commission (SEC) and its chairman Gary Gensler, accusing the financial regulator of "excessive intervention" in the emerging crypto industry. According to the Blockchain Association, the various legal actions taken by the SEC against the cryptocurrency industry have caused cryptocurrency companies to spend a total of $426 million to fight against the regulator's enforcement actions and the lack of a coherent digital asset policy.