US Court Halts SEC-State Attorneys General Cryptocurrency Regulation Lawsuit… "Impact of Leadership Change"
Suehyeon Lee
Summary
- A US court has reportedly approved the suspension of a cryptocurrency regulation-related lawsuit filed against the Securities and Exchange Commission (SEC).
- This is said to be a measure following the appointment of Paul Atkins as the new head of the SEC, indicating a leadership change.
- The lawsuit was filed by decentralized finance (DeFi) lobbying group and Republican state attorneys general, claiming that the SEC's lawsuit against cryptocurrency exchanges exceeded its authority.
A US court has approved the suspension of a cryptocurrency regulation-related lawsuit filed against the Securities and Exchange Commission (SEC).
On the 17th (local time), CoinDesk reported that "a US court has approved the suspension of a lawsuit filed by 18 state attorneys general against the SEC." This is a measure following the appointment of Paul Atkins as the new head of the SEC, signaling a leadership change.
The lawsuit was filed last November, shortly after Donald Trump's presidential victory, by 18 Republican state attorneys general and the decentralized finance (DeFi) lobbying group 'DeFi Education Fund', claiming that the SEC's lawsuit against cryptocurrency exchanges was an act exceeding its authority.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
