
A coalition of crypto giants, including Coinbase and a16zcrypto, has filed a lawsuit against the SEC in Texas, alleging overreach in its enforcement actions, as reported by CoinDesk. This legal action follows the SEC's threat to sue Kraken, a day after its Congressional testimony, which Kraken describes as retaliation, intimidation, and harassment. In a related development, Texas Bitcoin miners and associations, including the Texas Blockchain Council and Riot Platforms, have taken legal action against three U.S. government agencies, challenging what they perceive as the Biden Administration's excessive regulation of the crypto industry. This includes opposing an 'emergency' survey from the Department of Energy (DoE) demanding information on electricity consumption from crypto companies, a move ForbesTech and Reuters have highlighted. The legal pushback has resulted in a temporary halt to the DoE's survey, with a federal judge granting a restraining order to block the collection of energy data from Bitcoin mining companies until a more comprehensive hearing.





























Legal Action Forces US Energy Department to Suspend #Crypto Mining Investigation - @TXblockchain_ @RiotPlatforms @GOPMajorityWhip https://t.co/geNcf9Papu
US Court Stalls Energy Dept Demand For Cryptocurrency Mining Data https://t.co/CYm0ZDtQlP
Emmer Opposes Miner Data Collection Amid Lawsuit Against EIA Congressman Tom Emmer opposes an emergency request to gather data from U.S. bitcoin mining operations, asserting miners don't pose a public safety threat. https://t.co/7o9k6I0YPc