Coinbase’s contention in that paper, released last Thursday, is all-encompassing: The major questions doctrine, according to Coinbase counsel at Sullivan & Cromwell, “forecloses” regulation of the trillion-dollar crypto industry.
And unless the SEC changes course and opts not to bring an enforcement action against the exchange, Coinbase warned, the company intends to force the major questions issue to be decided by a court, with potentially disastrous consequences for the agency. And finally, the SEC implied, there is a disconnect in the crypto industry’s arguments. Many crypto groups, the SEC said, have blasted the agency for failing to issue crypto-specific rules and regulations and instead using case-by-case enforcement actions to set crypto policy. But if these groups are right about the ramifications of the Supreme Court’s major questions doctrine, the agency suggested, then the SEC is precluded from issuing those very rules without a Congressional mandate.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disorder in the court: The impact of the Supreme Court Dobbs leak one year onThe Supreme Court faced an unprecedented breach of trust one year ago when a leaked draft opinion signaling the overturning of Roe v. Wade was published, an incident that continues to test the institution's foundation of trust and credibility.
Source: dcexaminer - 🏆 6. / 94 Read more »
Supreme Court seems sympathetic to 94-year-old who brought 'equity theft' caseThe Supreme Court appeared sympathetic to the appeal of a 94-year-old Minnesota woman who got no compensation when the government seized her home over a small unpaid tax bill — and pocketed the profit.
Source: ABC - 🏆 471. / 51 Read more »
North Carolina Supreme Court clears way for partisan gerrymanderingThis sets up a process that allows national Republicans to expand their majority in the House.
Source: politico - 🏆 381. / 59 Read more »
Sen. Ted Cruz calls for FBI to probe Supreme Court leak one year after breachSen. Ted Cruz is calling for the FBI to uncover who leaked a Supreme Court draft opinion a year ago.
Source: WashTimes - 🏆 235. / 63 Read more »
North Carolina Supreme Court throws out previous ruling against gerrymandered districts, upholds voter ID lawThe right-leaning North Carolina Supreme Court threw out a ruling against gerrymandered districts in the state and upheld a law requiring photo ID to vote.
Source: FoxNews - 🏆 9. / 87 Read more »
This Supreme Court is slow to issue rulings — glacially slowThe court has disposed of only 15 cases, with 44 cases yet to be decided before the usual conclusion of the term in June.
Source: CNBC - 🏆 12. / 72 Read more »