On Thursday afternoon, 18 states led by Kentucky Attorney General Russell Coleman, in partnership with cryptocurrency advocacy group DeFi Education Fund, jointly sued the Securities Exchange Commission (SEC) and five of its commissioners in Kentucky District Court. They accused the SEC, led by Chairperson Gary Gensler, of unconstitutionally excessive interference and unfair persecution of the $3 trillion cryptocurrency industry. The lawsuit was signed by 18 Republican state attorneys general, including Nebraska, Tennessee, West Virginia, Iowa, Texas, Mississippi, Montana, Arkansas, Ohio, Kansas, Missouri, Indiana, Utah, Louisiana, South Carolina, Oklahoma and Florida. The lawsuit was written in collaboration with the DeFi Education Fund, a cryptocurrency advocacy group that advocates for sound decentralized finance policies.