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SEC sued by 18 state AGs for unconstitutional overreach

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The action was filed in a Kentucky district court house. Photo: Getty Images

Alexander Barzacanos

2 min read
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The suit relates to the SEC’s controversial position that most cryptocurrencies are securities.

In a Kentucky district court last week, 18 Republican state attorneys general sued the SEC, accusing the agency of unconstitutional overreach. The lawsuit was joined by the DeFi Education fund, a crypto industry advocacy group.

The suit accuses the SEC of operating beyond its Congressionally defined role by broadly classifying various

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