US Apex Court To Check SEC In-house Enforcement Legality Amid Crypto Row – Crypto News – Crypto News
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US Apex Court To Check SEC In-house Enforcement Legality Amid Crypto Row – Crypto News

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Crypto News: The US Securities and Exchange Commission (SEC) has been accused of enforcing legal challenges against the crypto industry without providing clear rules. However, the US Apex court has reportedly decided to look into the commission’s in-house enforcement proceedings.

Also Read: Ethereum Founder Feels Sorry For Solana; Here’s Why

SEC To Halt Enforcement?

According to reports, the US Supreme Court will check SEC’s in-house cases’ legality on a bid by President Joe Biden’s administration. It is suggested that the case could decide the future of federal agencies.

The report mentions that the case alleges that the US SEC’s enforcement proceedings are unconstitutional as it violates the right to a jury trial. While the commission’s actions also infringe on congressional powers. It added that the lawsuit includes George Jarkesy who has been charged for doing security fraud. The hedge fund manager has been fined by the commission and prohibited from the industry.

This move comes in when the US SEC is actively filing legal charges against the biggest of the crypto exchanges and other linked firms. It recently sued Binance, Binance’s executives, and Coinbase for operating illegally and offering unregistered securities. While its legal tussle with Ripple and its executives is moving towards a much anticipated summary judgment. Read More Crypto News Here…

However, the digital asset leaders have presented a fight back against the commission’s enforcement. The US’s biggest crypto exchange, Coinbase asked the court to dismiss the US SEC’s lawsuit against it.

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Ashish believes in Decentralization and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at ashish@coingape.com

The content presented may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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