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Eighteen Republican attorneys general sued the Securities and Exchange Commission (SEC) and Chair Gary Gensler on Thursday for allegedly overstepping the agency’s authority in its enforcement actions against the cryptocurrency industry.
The states, led by Kentucky Attorney General Russell Coleman, argue that the SEC has sought to “unilaterally wrest regulatory authority away from the States” on crypto enforcement.
https://thehill.com/policy/technology/4991491-gary-gensler-crypto-enforcement/
@nursefrombirth . Regulating currency was always under Fed control. I never understood how crypto currency ever became a thing.