• Contact
Friday, October 17, 2025
  • Login
Oklahoma Business Voice
  • Home
  • News
    • All
    • Aerospace
    • Childcare
    • Education
    • Energy & Environment
    • Federal
    • Film & Television Industry
    • Finance
    • Health Care
    • Innovation
    • Issues Affecting Oklahomans
    • OBV One-on-One
    • Opinion
    • Politics & Elections
    • Taxes & Budget
    • Tech
    • Tribal
    • Workforce Development
    Workforce Issues in the Crosshairs for State Legislators

    Workforce Issues in the Crosshairs for State Legislators

    Opinion: A Company Oklahoma Can Be Proud Of — And a Future We Must Seize 

    Opinion: A Company Oklahoma Can Be Proud Of — And a Future We Must Seize 

    Opinion: Building Oklahoma’s Future: Why Education and Healthcare Will Decide Our Economic Destiny

    Opinion: Building Oklahoma’s Future: Why Education and Healthcare Will Decide Our Economic Destiny

    Rep. Suzanne Schreiber

    Lawmakers Explore Ways to Cut Red Tape for Workforce Housing

  • Sign UpNEW
  • About
  • Contact
  • Advertise With Us!
No Result
View All Result
  • Home
  • News
    • All
    • Aerospace
    • Childcare
    • Education
    • Energy & Environment
    • Federal
    • Film & Television Industry
    • Finance
    • Health Care
    • Innovation
    • Issues Affecting Oklahomans
    • OBV One-on-One
    • Opinion
    • Politics & Elections
    • Taxes & Budget
    • Tech
    • Tribal
    • Workforce Development
    Workforce Issues in the Crosshairs for State Legislators

    Workforce Issues in the Crosshairs for State Legislators

    Opinion: A Company Oklahoma Can Be Proud Of — And a Future We Must Seize 

    Opinion: A Company Oklahoma Can Be Proud Of — And a Future We Must Seize 

    Opinion: Building Oklahoma’s Future: Why Education and Healthcare Will Decide Our Economic Destiny

    Opinion: Building Oklahoma’s Future: Why Education and Healthcare Will Decide Our Economic Destiny

    Rep. Suzanne Schreiber

    Lawmakers Explore Ways to Cut Red Tape for Workforce Housing

  • Sign UpNEW
  • About
  • Contact
  • Advertise With Us!
No Result
View All Result
Oklahoma Business Voice
No Result
View All Result
Home News
Gavel leaning against a row of law books

Oklahoma attorney general opposes federal regulation of cryptocurrencies

Hicham Raache by Hicham Raache
July 30, 2024
in News
Reading Time: 2 mins read
Share on FacebookShare on Twitter

OKLAHOMA CITY (OBV) – Oklahoma Attorney General Gentner Drummond joined a multistate amicus brief opposing federal regulation of cryptocurrencies, saying it could prevent states from protecting citizens from crypto scams.

Attorney General Gentner Drummond
Attorney General Gentner Drummond, photo from State of Oklahoma website.

Iowa Attorney General Brenna Bird led an amicus brief filed in the U.S. District Court for the Northern District of Texas against the U.S. Securities and Exchange Commission (SEC). Drummond joined the amicus brief along with attorneys general from Arkansas, Indiana, Kansas, Montana and Nebraska.

The attorneys general say the SEC is violating the Administrative Procedure Act and Major Questions Doctrine by claiming regulatory power over cryptocurrencies. They argue that bureaucratic agencies cannot bypass Congress to give themselves regulatory powers that they say belong to the states.

“This brazen federal overreach by the Biden Administration will significantly hinder Oklahoma from protecting our citizens from scams,” Drummond said. “Moreover, the SEC’s policing of cryptocurrency is certain to stifle innovation and devastate the growing industry. We will defend and protect our citizens from nefarious scammers, and we do not need the Biden Administration to play Big Brother in this regard.”

Americans lost more than $4.6 billion to fake investment scams – more than any other reported scam category – in 2023, 21-percent higher than the total loss from such scams in 2022.

“States such as Oklahoma have been on the front lines in protecting scam victims and prosecuting criminal scammers. Now, however, the SEC’s attempting abuse of power would put the federal agency in charge of regulating cryptocurrency, bypassing state consumer-protection laws,” officials with Drummond’s office said. “Congress never gave the SEC power to regulate cryptocurrency, and there is no accountability to ensure the actions the SEC takes are legitimate and necessary.”

The amicus brief is shared below:

Iowa – Lejilex Amicus-2Download
Tags: Attorney General Gentner DrummondCrypto ScamCryptocurrencyIowa Attorney General Brenna BirdOklahomaSECU.S. District CourtU.S. Securities and Exchange Commission
ShareTweetShare
Previous Post

Oklahoma City Indian Clinic celebrates 50 years, looks ahead with expansion underway

Next Post

University of Oklahoma School of Aviation reaches new heights with helicopter pilot program

Related Posts

Workforce Issues in the Crosshairs for State Legislators
News

Workforce Issues in the Crosshairs for State Legislators

October 16, 2025
Opinion: A Company Oklahoma Can Be Proud Of — And a Future We Must Seize 
Energy & Environment

Opinion: A Company Oklahoma Can Be Proud Of — And a Future We Must Seize 

October 17, 2025
Opinion: Building Oklahoma’s Future: Why Education and Healthcare Will Decide Our Economic Destiny
News

Opinion: Building Oklahoma’s Future: Why Education and Healthcare Will Decide Our Economic Destiny

October 16, 2025
Rep. Suzanne Schreiber
Issues Affecting Oklahomans

Lawmakers Explore Ways to Cut Red Tape for Workforce Housing

October 13, 2025
The Future of Business is Here: OKC Innovation Day Spotlights Oklahoma’s Leadership in Emerging Tech
Innovation

The Future of Business is Here: OKC Innovation Day Spotlights Oklahoma’s Leadership in Emerging Tech

October 9, 2025
Walmart to Eliminate Synthetic Dyes and Over 30 Controversial Ingredients from Private Brand Foods
News

Walmart to Eliminate Synthetic Dyes and Over 30 Controversial Ingredients from Private Brand Foods

October 9, 2025
Next Post
The ribbon was cut on Semper Fly in Norman.

University of Oklahoma School of Aviation reaches new heights with helicopter pilot program

Oklahoma Business Voice

© 2023 Oklahoma State Chamber.
Powered by High Five Media.
Privacy Policy

Navigate Site

  • Home
  • News
  • Sign Up
  • About
  • Contact
  • Advertise With Us!

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Sign Up
  • About
  • Contact
  • Advertise With Us!

© 2023 Oklahoma State Chamber.
Powered by High Five Media.
Privacy Policy

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.