A court of flames and silver6/25/2023 ![]() ![]() The justices sided with West Virginia and other states challenging the EPA’s rules. Environmental Protection Agency’s authority to regulate greenhouse gas emissions. But the agency will have to provide a more detailed response if Ripple, Coinbase or crypto groups that have filed friend-of-the-court briefs pushing major questions doctrine arguments manage to pique a judge’s interest.Ĭrypto's theory stems from the Supreme Court’s decision last June in a dispute over the U.S. So far, the SEC has addressed this new theory in just a footnote in a brief in the Ripple case, arguing (as I'll explain) that the theory is misguided and inconsistent. And it has now emerged in a Coinbase white paper in which the crypto exchange attempts to convince regulators not to bring an anticipated enforcement action. It blossomed early this year in the agency’s insider trading case in Seattle federal court against former Coinbase Inc (COIN.O) employee Ishan Wahi. The argument first emerged last fall in the SEC’s closely-watched Manhattan federal court case accusing Ripple Labs Inc and two Ripple executives of selling unregistered securities. ![]() Supreme Court's recently-formalized "major questions doctrine" dooms the agency's campaign. Securities and Exchange Commission in the midst of a stunning barrage of enforcement actions against crypto defendants, the industry has developed a sweeping, if long-shot, argument that the U.S. May 1 (Reuters) - (The opinions expressed here are those of the author, a columnist for Reuters.) ![]()
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