A lawsuit has been filed against the U.S. Securities and Exchange Commission (SEC) by a group of state attorneys general and the DeFi Education Fund. The lawsuit accuses the SEC of overstepping its authority by bringing enforcement actions against cryptocurrency exchanges. The plaintiffs argue that the SEC is exceeding its jurisdiction by targeting crypto businesses, which they believe should be subject to different regulations.
The SEC maintains that it has the authority to regulate cryptocurrencies because they are securities. The lawsuit seeks to prevent the SEC from taking further actions against cryptocurrency exchanges.
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<p>The post State Attorneys General, DeFi Fund Sue SEC for Overreach in Crypto Enforcement first appeared on CoinBuzzFeed.</p>
