Posted 2/28/2024, 4:15:00 PM
Crypto industry fights back against regulation with lawsuits and lobbying
- Crypto industry mounting legal counterattack against Biden administration crackdown through lawsuits and lobbying
- Crypto companies believe they have money and law on their side to fight back against overreach
- Recent court wins give crypto firms confidence to challenge regulators like the SEC
- Bitcoin miners sue federal agencies over data collection efforts
- Crypto firms argue existing rules don't fit digital assets; push for comprehensive legislation from Congress