A federal judge agreed to suspend a continuous lawsuit between 18 state lawyers and a group of decentralized financial pressure groups against the US Securities and Stock Exchange Committee (SEC) on Wednesday, after the parties noticed the new SEC leadership.
Country AGS, all Republicans, The lawsuit filed Besides the Defi Education Fund last November after Donald Trump won the 2024 presidential elections. They claim that the federal securities organizer has exceeded his authority to file lawsuits against encryption exchange. In the presentation of Wednesday, the Supreme Education Council suggested that Paul Attins’s assertion as the new head of the agency could end the litigation.
“As support, the defendants state that due to the transfer of the leadership in the Securities and Stock Exchange Committee, this issue is likely to be resolved.”
The judge ordered the parties to submit a report on the joint status within 30 days, but he stopped all the final dates for 60 days.
originally, The lawsuit argued SEC enforcement procedures were parasitizing the capabilities of state organizers on the police asset companies within their borders.
“Some states have enacted organizational systems for financial institutions that focus on digital assets, and others have asked for digital assets platforms to obtain money transfer licenses and security bonds to ensure liquidity,” the lawsuit said.
“While the regulatory methods of the state differed according to local needs, they have been constantly sought to provide transparent and manageable rules on the road. Congress has repeatedly refused to propose proposals to grant federal agencies a wide regulatory authority on digital assets.”
Congress is expected to pick up legislation in the market structure that may address the roles of federal organizers in overseeing encryption this year, and the main committees have already begun to hold listening sessions.
Meanwhile, SEC has already dropped investigations and lawsuits to more than ten companies and was suspended against a few other companies.
Al -Wasita Base of Tax Authority
A separate lawsuit submitted by the DEFI Education Fund, the Texas Bluchin Council and the Blockchain Association against the Internal Revenue circle were also dropped on Wednesday. This lawsuit argued that the DEFI ‘IRS broker has exceeded the agency’s authority.
Trump A joint decision was signed in the House of Representatives and the Senate Under the Congress review law to cancel this rule last week – the first legislative element dealing with the encryption he signed as president.
in Wednesday presentationThe parties said that the lawsuit had become a “discussion” after Trump signed the decision.
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