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Fox reporter: Attorneys General from 18 states in the U.S. have filed a lawsuit, accusing the SEC of overstepping its authority and "persecuting" the cryptocurrency industry

ChainCatcher news, according to Fox Business reporter Eleanor Terrett, 18 states in the U.S. have filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and its commissioners, accusing them of unconstitutional overreach and unfair "persecution" of the crypto industry under the leadership of SEC Chairman Gary Gensler.The lawsuit, signed by 18 Republican state attorneys general, details how the agency has engaged in "severe government overreach" through enforcement actions against the $3 trillion industry, infringing upon the states' authority to regulate their own economies.The 18 Republican state attorneys general are asking the court to declare that "digital asset transactions are not investment contracts" and to issue an order preventing the SEC from bringing future charges against "digital asset platforms that fail to register as exchanges, dealers, brokers, or clearing agencies." According to the complaint, many states have already developed their own regulatory frameworks for the crypto industry and encourage its growth.According to Nebraska Attorney General Mike Hilgers, Nebraska and Kentucky are jointly leading a coalition of 18 states challenging the Biden-Harris administration's illegal and broad regulation of cryptocurrencies. In a lawsuit filed in the U.S. District Court for the Eastern District of Kentucky, the state attorneys general and other parties accuse the SEC of exceeding its authority.Despite the SEC and its chairman previously taking actions and making public statements, the agency has launched a regulatory offensive against crypto companies. The SEC has exceeded the authority granted by Congress, attempting to classify cryptocurrencies as investment contracts to bring them under SEC regulation.In addition to Nebraska and Kentucky, the participating states include Arkansas, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Montana, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah, and West Virginia.

Hashkey Exchange won the "Web3 Industry Leader Award" at the 2024 Hong Kong Listed Company Development Summit Forum

ChainCatcher news, the 2024 Hong Kong Listed Companies Development Summit Forum and the 11th "Hong Kong Stock 100" Awards Ceremony, hosted by the Hong Kong Stock 100 Research Center, will be grandly held on November 11, 2024, at the Hong Kong Convention and Exhibition Centre S421. At this event, Hashkey Exchange received the "Web3 Industry Leader Award" in recognition of its outstanding contributions to promoting the development of the Web3 industry and innovation in Hong Kong's fintech sector.This award ceremony is organized by the Hong Kong Stock 100 Research Center, co-organized by Caihua News and Futu Securities, and supported by the Hong Kong Ta Kung Wen Wei Financial Public Relations Group. This award not only recognizes Hashkey Exchange's leadership position in the Web3 field but also affirms its role in promoting innovation and digital transformation in Hong Kong's financial market. The award for Hashkey Exchange also signifies the increasing influence and competitiveness of Hong Kong in the global fintech sector, while also indicating that the Hong Kong financial market is ushering in new opportunities for digital transformation.It is reported that Hashkey Exchange, as the largest licensed virtual asset exchange in Hong Kong, has surpassed HKD 6.7 billion in asset scale as of November 11, with a cumulative trading volume exceeding HKD 550 billion, and a growth scale of HKD 1.2 billion in the past 10 days.
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