US Supreme Court limits SEC’s authority in enforcing securities laws
Share link:In this post: The US Supreme Court ruled 6-3 that the SEC’s use of in-house judges violates the right to a trial by jury. Crypto companies now have the right to jury trials in federal court, which may change how the SEC enforces actions against them. The SEC may need to adjust its strategies, potentially causing delays in actions against the companies.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information
The US Supreme Court has limited the Securities and Exchange Commission’s (SEC) authority in enforcing securities laws. In a 6-3 decision, the court determined that the SEC’s use of in-house judges to adjudicate cases violates the constitutional right to a trial by jury.
This case is one of several on the docket involving conservative and business-led challenges to the power of federal agencies. The court’s 6-3 conservative majority has often been sympathetic to such arguments.
The challenge specifically targeted how the SEC enforces securities laws, including prohibitions on insider trading.
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