BY SRH Kentucky Attorney General Russell Coleman is leading the lawsuit against the SEC, joined by attorneys general from Arkansas, Florida, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Montana, Nebraska, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah, and West Virginia. Battle: 18 States Sue the SEC for Allegedly Illegal Crypto Regulation According to the lawsuit, the SEC filed a number of enforcement proceedings against significant digital asset exchanges because they enable securities transactions involving a number of common tokens, making them unregistered brokers, clearing agencies, and securities exchanges. According to the lawsuit, the SEC filed 20 enforcement actions against digital asset exchanges in the first quarter of last year, which was the most in a single quarter. It declared, “The SEC’s broad claim of regulatory jurisdiction is untenable.” “The SEC’s regulatory overreach ultimately violates fundamental federalism and separation of powers principles.” […]