TechFlow news, November 19 — According to Cointelegraph, 18 U.S. states have filed a lawsuit against the Securities and Exchange Commission (SEC) and its chair Gary Gensler, accusing the agency of "severe government overreach" in the cryptocurrency sector.
The plaintiffs claim that the SEC has attempted to seize regulatory authority from the states through enforcement actions against crypto entities.
The states involved in the lawsuit include Kentucky, West Virginia, Iowa, Texas, Mississippi, Ohio, Montana, Nebraska, Tennessee, Wyoming, and others.
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