A series of lawsuits have been filed against the SEC's new rule requiring publicly-traded companies to disclose climate-related risks. Three states initiated legal action, criticizing the rule for its cost, scope, and potential First Amendment issues. SEC Chairman Gary Gensler defended the regulation, emphasizing its importance for transparency. Additionally, the Sierra Club filed a lawsuit against the SEC, arguing that the climate mandate is insufficiently robust. The environmental organization seeks more comprehensive disclosure requirements to better inform investors about climate risks. Meanwhile, energy industry providers Liberty Energy and Nomad Proppant have requested a pause on the new rules, and eight state Attorneys General have labeled the SEC's crypto enforcement action as unlawful.