Consensys CEO Joe Lubin said SEC crypto cases will be settled or dismissed under the incoming Trump administration.
Eighteen states in the United States filed a lawsuit against the Securities and Exchange Commission (SEC) and Chair Gary Gensler, alleging that the agency is guilty of “gross government overreach” against the crypto space.
The plaintiffs alleged that the SEC did not respect the allocation of authority. The complaint claimed the SEC sought to wrest regulatory authority from the states through its enforcement actions against crypto entities.
The plaintiffs include Kentucky, West Virginia, Iowa, Texas, Mississippi, Ohio, Montana, Nebraska, Tennessee, Wyoming and others.
