United States of America: Announced public lawsuit challenging SEC power to issue cryptocurrency asset classification
Description
Announced public lawsuit challenging SEC power to issue cryptocurrency asset classification
On 14 November 2024, eighteen US states and DeFi Education Fund filed a public lawsuit against the Securities and Exchange Commission (SEC) in the United States District Court for the Eastern District of Kentucky Frankfort Division, alleging that th…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
judiciary
Government Body
court