US judge suspends 18 states' lawsuit against SEC over cryptocurrency regulation

PANews reported on April 17 that according to CoinDesk, on Wednesday, a federal judge in the United States agreed to suspend a lawsuit filed by 18 state attorneys general and a DeFi lobbying group against the U.S. Securities and Exchange Commission (SEC) after all parties noticed that the new leadership of the SEC was in place. Last November, after Trump won the 2024 presidential election, these state attorneys general (all Republicans) filed the lawsuit with the DeFi Education Fund. They accused federal securities regulators of overstepping their authority in suing cryptocurrency exchanges. In a filing on Wednesday, the SEC stated that the lawsuit may end after Paul Atkins was confirmed as chairman of the new agency. The judge ordered the parties to submit a joint status report within 30 days, but suspended all deadlines for 60 days.

Another lawsuit filed by the DeFi Education Fund, the Texas Blockchain Council and the Blockchain Association against the IRS was also dropped on Wednesday. The lawsuit argued that the IRS's DeFi broker rule exceeded the agency's authority. Trump signed a resolution passed by both the House and Senate last week under the Congressional Review Act to repeal the rule. In documents filed on Wednesday, the parties said the lawsuit had become "moot" after Trump signed the resolution.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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