SEC Sued to Halt Crypto `Regulation by Enforcement'

Also, ABA and Chamber of Commerce file emergency appeal in credit card late fee litigation

There’s been a lot of litigation over Gary Gensler’s rules. But today, the SEC got hit with an unusual lawsuit – over regulations that it hasn’t issued and an enforcement action that it hasn’t brought. No surprise, it’s coming from the crypto industry.

The case, filed in a Texas federal court by the DeFi Education Fund and a company called Beba, is prett…