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Заголовок Legal Win For Crypto? Supreme Court Decision Restricts SEC’s Lawmaking Reach
Дата 20240628

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============= Обработанный текст:
Legal Win For Crypto? Supreme Court Decision Restricts SEC s Lawmaking
Reach

Legal Win For Crypto? Supreme Court Decision Restricts SEC s Lawmaking
Reach

by Ronaldo Marquez

24 mins ago

in Breaking News Ticker

0

In a significant move, the United States• Соединённые Штаты Америки (США) Supreme Court has issued a ruling
that limits the authority of federal agencies, including the Securities and
Exchange Commission
(SEC) to interpret laws deemed ambiguous
through the rulemaking process. Given this development, the question is: is
this ruling a victory for the crypto industry, and if so, how does it benefit
the sector?

Benefits From Supreme Court Ruling

The 6-3 decision of the Supreme Court overruled the Chevron• Объект бренды » Бренды на c » Chevron deference, a 1984
precedent that granted agencies discretion in interpreting congressional laws.

Justice John Roberts emphasized the importance of independent judgment by
courts in determining whether agencies have acted within their statutory
authority. The ruling, which cites the Administrative Procedures Act (APA),
rejects the notion of blanket deference to agency interpretations solely based
on statutory ambiguity.

Related Reading: BREAKING: First Spot Solana ETF Filing Officially Submitted
In The US• Экономика » Финансы » Платежные средства » Доллар США

Notably, the ruling has implications for ongoing legal battles within the
crypto industry. Ripple, currently facing a lawsuit from the SEC, stands to
benefit from the curtailed agency rulemaking authority. Judge Torres,
presiding over the Ripple case, will now have greater independence in
interpreting the relevant laws.

Similarly, major industry players like Coinbase and Uniswap Labs, who recently
received Wells Notices from the SEC, may find themselves in a more favorable
position as the SEC s case relies heavily on the interpretation of the
Howey Test.

Industry Experts Question SEC s Crypto Cases

Market expert Scott Melker highlights the potential impact of the Supreme
Court ruling on the SEC s case against Coinbase. Melker argues that the
SEC s case, largely based on the application of the Howey Test to crypto
assets, could be rendered irrelevant in light of the ruling.

If the SEC cannot claim that crypto assets are securities under the Howey
test, Melker said, it raises questions about the foundation of its case
against Coinbase.

Related Reading: VanEck Executive Reveals Why The Firm Filed For A Spot Solana
ETF

Ben Lilly of Jarvis Labs also contends that the securities law and statutes
pertaining to cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта are ambiguous. This ambiguity further
highlights the importance of independent judicial interpretation, as
emphasized by the Supreme Court ruling. The daily chart shows the total crypto
market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
cap s valuation at $2.2 trillion. Source: TOTAL on
TradingView.com

Featured image from DALL-E, chart from TradingView.com

============= Итог: 3,1922 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта 2,9844 ; Экономика#Финансы#Платежные средства#Доллар США #Соединённые Штаты Америки (США) 3,2000 ; Соединённые Штаты Америки (США)#Доллар США

============= Объекты:

============= Географические объекты: 1 40.000000000,-100.000000000 Соединённые Штаты Америки (США)

============= Связи: Соединённые Штаты Америки (США) # ассоциации # Доллар США Соединённые Штаты Америки (США) # объект-география # Chevron


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