{"id":142286,"date":"2024-11-15T09:00:59","date_gmt":"2024-11-15T07:00:59","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=142286"},"modified":"2024-11-15T01:11:18","modified_gmt":"2024-11-14T23:11:18","slug":"multiple-u-s-states-sue-sec-accusing-gensler-of-crypto-overreach","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/multiple-u-s-states-sue-sec-accusing-gensler-of-crypto-overreach\/","title":{"rendered":"Multiple U.S. States Sue SEC, Accusing Gensler of Crypto Overreach"},"content":{"rendered":"<p>As <strong><a href=\"https:\/\/www.foxbusiness.com\/politics\/18-states-sue-sec-over-unconstitutional-overreach-digital-assets\" rel=\"nofollow\">reported<\/a><\/strong> by Fox Business\u2019s Eleanor Terrett, the states allege that Gensler\u2019s leadership has veered into extreme \u201cgovernment overreach\u201d that\u2019s stifling the cryptocurrency sector.<\/p>\n<p>The lawsuit accuses Gensler of adopting a \u201cregulation by enforcement\u201d strategy, which, according to the states, sidelines their authority over local economic matters. They argue this aggressive stance isn\u2019t about safeguarding investors, but rather about exerting control over the industry.<\/p>\n<p>Since stepping in as SEC chair, Gensler has pursued numerous enforcement actions against major crypto firms, asserting they operate in ambiguous legal territory.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-142258\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>This heavy-handed approach has drawn fierce opposition, with many in the industry now viewing him as a chief adversary. Amid rising calls for Gensler\u2019s resignation and his recent controversial remarks, speculation over his future at the SEC continues to grow.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eighteen U.S. states, spearheaded by Republican attorneys general, are taking legal action against the Securities and Exchange Commission, with SEC Chair Gary Gensler as their primary target.<\/p>\n","protected":false},"author":7,"featured_media":137809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[424],"coin_category":[],"class_list":["post-142286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-crypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Multiple U.S. States Sue 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