Fox: 18 U.S. states have filed a lawsuit against the SEC, accusing the agency of unconstitutional persecution of Crypto

Odaily News Fox Business reporter Eleanor Terrett posted on X platform that 18 states in the United States have filed a lawsuit against the SEC and its commissioners, accusing them of unconstitutional overreach and unfair persecution of the cryptocurrency industry under the leadership of Gary Gensler. The lawsuit was signed by the state attorneys general of the 18 states (all Republicans), and detailed how the agency has violated the economic interests of the states by enforcing "serious government overreach" against a $3 trillion industry through law enforcement.