Kyle Dunphey
Utah News Dispatch
Utah’s attorney general is joining a coalition of 17 other states pushing back on the federal government’s attempt to regulate cryptocurrencies, arguing that authority should instead be left to states.
Sean Reyes, who did not run for reelection as the Utah Attorney General, signed the state onto a complaint recently alleging the U.S. Securities Exchange Commission, or SEC, is imposing regulations that contradict existing state laws. Reyes will be replaced in January by Republican Derek Brown, the state’s attorney general-elect.
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