The lawsuit is the latest sign of the crypto industrys growing political influence.
The industry poured more than $135 million into federal campaigns during the last election, with overwhelmingsuccess.
They are also joined by the DeFi Education Fund, an advocacy group backed by wealthy crypto investors.
SEC Chair Gary Gensler is a top target fo the crypto industry.© Tom Williams/Getty Images
Instead, crypto regulation should be left up to the states, the plaintiffs argue.
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