Judge halts U.S. states lawsuit against SEC, says it could be resolved

CoinRank News: In November 2024, a coalition of attorneys general from several U.S. states filed a complaint alleging that the U.S. Securities and Exchange Commission (SEC) exceeded its authority under the leadership of former Chairman Gary Gensler and cracked down on cryptocurrency companies without establishing appropriate rules. On April 16, local time, Gregory Van Tatenhove, a judge in the Eastern District of Kentucky, approved a 60-day stay of the case on the grounds that the SEC itself admitted that the case may be resolved due to the transition of leadership. Neither party opposed the motion, and a joint status update is required within 30 days. The suspension was made after the Trump administration abandoned the SECs previous tough enforcement agenda for cryptocurrencies, marking a more favorable regulatory environment for the industry. (Decrypt)