PANews April 17th: According to CoinDesk, on Wednesday, a U.S. federal judge agreed to pause a lawsuit filed by 18 state attorneys general and a DeFi lobbying group against the U.S. Securities and Exchange Commission (SEC), following the notice of the new SEC leadership. Last November, after Trump won the 2024 presidential election, these attorneys general (all Republicans) and the DeFi Education Fund jointly filed this lawsuit. They accused the federal securities regulator of overstepping its authority in prosecuting cryptocurrency exchanges. In a document submitted on Wednesday, the SEC indicated that the lawsuit might end following Paul Atkins' confirmation as the new agency chair. The judge ordered the parties to submit a joint status report within 30 days but suspended all deadlines for 60 days.

On Wednesday, another lawsuit filed by the DeFi Education Fund, the Texas Blockchain Council, and the Blockchain Association against the U.S. Internal Revenue Service (IRS) was also withdrawn. This lawsuit argued that the IRS's DeFi broker rule exceeded the agency's authority. Last week, Trump signed a resolution jointly passed by the House and Senate under the Congressional Review Act, which repealed this rule. In a document submitted on Wednesday, the parties stated that the lawsuit had become "moot" after Trump signed the resolution.