Crypto industry fights back against government crackdown

The crypto industry has mounted a legal counteroffensive against U.S. regulators to fight what it sees as a government-wide attempt by the Biden administration to quash the $2 trillion digital asset industry, FOX Business has learned.

The pushback, in the form of lawsuits, lobbying Congress and challenging enforcement actions by the Securities and Exchange Commission (SEC) and other federal agencies, is not being coordinated by any one entity, sources familiar with the matter say. Yet as many as half a dozen crypto-related companies have mounted challenges to the White House’s effort to reign in the industry in recent months and the momentum is building, these p