Controversial SEC chair Gary Gensler is named in the suit, along with other SEC commissioners. Gensler’s treatment of crypto during his time as chair has made him a punching bag for the industry — and for Republicans such as president-elect Donald Trump.

Eighteen Republican attorneys general sued the Securities and Exchange Commission (SEC) and Chair Gary Gensler on Thursday for allegedly overstepping the agency’s authority in its enforcement

Eighteen states have collectively filed suit against the SEC, Gary Gensler, and his fellow commissioners, alleging crypto regulatory overreach.

The lawsuit says the Securities and Exchange Commission is overreaching and crypto regulation should be left up to the states.