Cryptocurrency Regulatory Disputes Continue to Escalate: 18 States Challenge the SEC Legally
The future of cryptocurrency is still struggling in controversy! Eighteen states in the United States have joined forces to file lawsuits demanding the Securities and Exchange Commission (SEC) relax its strict regulations on cryptocurrencies. They accuse the SEC of attempting to "unilaterally seize regulatory authority," hoping to regain control over cryptocurrency regulation, asserting that these digital assets should be treated as ordinary assets rather than securities regulated by federal securities laws.
Currently, cryptocurrency regulation in the United States is mainly a tug-of-war between the SEC and the Commodity Futures Trading Commission (CFTC). Although the SEC has achieved victories in several cases, legal challenges from various states continue, questioning the SEC's regulatory authority and seeking greater autonomy.
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