18 U.S. states file lawsuit against SEC and Gary Gensler, accusing them of "overstepping their authority" in regulating the crypto space

Odaily News 18 U.S. states have filed a lawsuit against the U.S. SEC and its chairman Gary Gensler, accusing the agency of "overstepping its authority" in the field of cryptocurrency. The plaintiffs accused the SEC of not respecting the distribution of power and attempting to seize regulatory power from the states through law enforcement actions against cryptocurrency entities. The plaintiffs include Kentucky, West Virginia, Iowa, Texas, Mississippi, Ohio, Montana, Nebraska, Tennessee, Wyoming, etc. (Cointelegraph)