Crypto Legal
Battle: 18 States Accuse
SEC Of Unconstitutional Regulatory Actions
Crypto Legal Battle: 18 States Accuse SEC Of Unconstitutional Regulatory
Actions
by Ronaldo Marquez
1 hour ago
in Breaking News Ticker
0
In a significant challenge to the US Securities and Exchange Commission (SEC)
and its regulatory approach toward the crypto industry, 18 states have filed a
lawsuit against the agency and its commissioners on Thursday.
SEC Accused Of ‘Unfair Persecution’ Of The Crypto Sector
FOX journalist Eleanor Terret reported that this legal action accuses the SEC
of unconstitutional overreach and unfair
persecution of the crypto sector, particularly under the leadership of
Chair Gary Gensler.
Related Reading: Pennsylvania House Moves To Add Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin To State Balance
Sheet As Reserve Asset
The lawsuit, spearheaded by 18 Republican Attorneys General, highlights what
they describe as gross government overreach in the SEC s
enforcement-driven regulation of the $3 trillion crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта.
The states argue that these actions infringe upon their rights to regulate
their own economies, asserting that the SEC has failed to respect existing
regulatory frameworks for financial institutions dealing with digital assets.
They contend that, without congressional authorization, the SEC has attempted
to unilaterally wrest regulatory authority away from the States
through a series of enforcement actions targeting the crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта.
Chair Gensler Hints At Resignation
Among the states participating in this lawsuit are Kentucky, Nebraska,
Tennessee, West Virginia, Iowa, Texas, Mississippi, Montana, and Florida.
Notably, Florida has made strides toward digital asset adoption, including
proposals to designate Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, the largest cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта of the market, as a
strategic reserve asset for the state.
Related Reading: FBI Raids Polymarket CEO’s Apartment Following Platform’s
Accurate Prediction Of Trump• Объект человек » Персоналии по алфавиту » Персоналии на Тр » Трамп, Дональд’s Victory
Adding to the intrigue surrounding the SEC, NewsBTC reported that Chair
Gensler hinted at a potential resignation in a letter to agency staff that
read like a farewell message after three years in his role under President• Соединённые Штаты Америки (США) » Политика США » Политики США » Президент США
• Соединённые Штаты Америки (США) » Государственное устройство США » Президент США
• Политика » Политика США » Политики США » Президент США
• Государство » Государственное устройство США » Президент США
Biden. The daily chart shows the total digital asset market cap valuation
surge. Source: TOTAL on TradingView.com
Over the past nine days, following Donald Trump• Объект человек » Персоналии по алфавиту » Персоналии на Тр » Трамп, Дональд s election victory over
Vice President Kamala Harris• Объект человек » Персоналии по алфавиту » Персоналии на Ха » Харрис, Камала, the total crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта cap valuation has risen
to near the $3 trillion mark, currently valued at $2.8 trillion, following a
retracement experienced by digital assets prices over the past 24 hours.
Featured image from DALL-E, chart from TradignView.com