18 Republican attorneys general have filed a lawsuit against the US Securities and Exchange Commission (SEC), accusing the organization of overstepping its authority to regulate cryptocurrencies. Republicans argue that the SEC “unconstitutionally overstepped its authority” by bypassing states and Congress.
The lawsuit is likely more political pressure exercise as a real legal battle. Pro-crypto regulation is gaining momentum in the United States during a transition period in the country’s administration.
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<p>The post 18 States Sue SEC For Unconstitutional Crypto Overreach first appeared on CoinBuzzFeed.</p>