{"id":332589,"date":"2024-06-27T20:45:09","date_gmt":"2024-06-27T15:15:09","guid":{"rendered":"https:\/\/dripp.zone\/news\/breaking-supreme-court-limits-secs-use-of-in-house-trials-in-fraud-cases-crypto-news\/"},"modified":"2024-06-27T20:48:22","modified_gmt":"2024-06-27T15:18:22","slug":"breaking-supreme-court-limits-secs-use-of-in-house-trials-in-fraud-cases-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/breaking-supreme-court-limits-secs-use-of-in-house-trials-in-fraud-cases-crypto-news\/","title":{"rendered":"Breaking: Supreme Court Limits SEC\u2019s Use of In-House Trials in Fraud Cases &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p><span style=\"font-weight: 400\">The Supreme Court has ruled that the <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/breaking-coinbase-files-lawsuit-against-sec-fdic-over-debanking-crypto-firms\/\"><span style=\"font-weight: 400\">Securities and Exchange Commission<\/span><\/a><span style=\"font-weight: 400\"> (SEC) cannot use in-house trials for civil fraud complaints, granting defendants the right to a jury trial in federal court. This verdict, reached with a 6-3 majority, significantly affects how regulatory agencies operate.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Court\u2019s decision challenges the long-standing practice where the <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.documentcloud.org\/documents\/24779202-sec-v-jarkesy\"><span style=\"font-weight: 400\">SEC relied<\/span><\/a><span style=\"font-weight: 400\"> on administrative proceedings to resolve civil fraud complaints. Previously, the agency collected over $5 billion in civil penalties during the 2023 fiscal year, though it needs to be clarified how much of this was from in-house trials. With the recent ruling, the SEC has reduced the number of cases it handles this way and is awaiting the Court\u2019s decision.<\/span><\/p>\n<p><em>This is a developing story<\/em><\/p>\n<p>The post <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/breaking-supreme-court-limits-secs-use-of-in-house-trials-in-fraud-cases\/\">Breaking: Supreme Court Limits SEC\u2019s Use of In-House Trials in Fraud Cases<\/a> appeared first on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\">CoinGape<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court has ruled that the Securities and Exchange Commission (SEC) cannot use in-house trials for civil fraud complaints, granting defendants the right to a jury trial in federal court. This verdict, reached with a 6-3 majority, significantly affects how regulatory agencies operate. The Court\u2019s decision challenges the long-standing practice where the SEC relied [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":318260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-332589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/332589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=332589"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/332589\/revisions"}],"predecessor-version":[{"id":332590,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/332589\/revisions\/332590"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/318260"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=332589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=332589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=332589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}