Eighteen U.S. states have filed lawsuits accusing the SEC of "persecuting the cryptocurrency industry" under Gary Gensler's leadership
According to online reports, Fox Business reporter Eleanor Terrett said that 18 states in the United States have filed lawsuits accusing the U.S. Securities and Exchange Commission and its members of the U.S. Securities and Exchange Commission under the leadership of agency head Gary Gensler of overstepping their authority and illegally persecuting the cryptocurrency industry. The lawsuit, signed by 18 Republican attorneys general, details how the agency used enforcement actions to implement "serious government overreach" against the $3 trillion cryptocurrency industry, violating states 'right to regulate their economies.
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