Morrison Cohen LLP partner ohaiom says crypto companies may start pushing back against regulators by using the U.S. Supreme Court's 'major questions doctrine.' _franvela reports
on April 30, said it would take the regulator to court if the agency did not make a “reasonable settlement offer.”major questions doctrine
," which holds that regulators can’t exceed their authority. The high court last used the doctrine in 2022 in a 6-3 decision involving the Environmental Protection Agency on whether it had the authority to issue an emissions cap on greenhouse gases. Chief Justice John Roberts, writing for the majority, said no, and that it was up to Congress to provide EPA with clear authorization for such actions.
“What the Supreme Court has instructed is that administrative agencies, which are a branch of the executive department, are not allowed to take views that will affect major questions of the United States economy,” Cohen said. So when it comes to crypto, “That’s for Congress to set the law, not for the SEC to say 'we believe the law should be no crypto,'” he added.. Consider other jurisdictions, Cohen said, such as the European Union, the U.K., Singapore, Japan and the Cayman Islands, which “are developing legal regimes that can allow people to operate legally.”
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Republicans scramble for winning message on abortion after Supreme Court’s ruling on RoePro-life activists said Republicans who attack the issue head-on win elections and those who ignore or avoid the issue lose because they allow opponents to define them.
Consulte Mais informação »
Iowa Supreme Court rejects Gov. Kim Reynolds’ move to dismiss public records suitThe court in a unanimous decision rejected Reynolds’ argument that her office wasn’t obligated to respond in a timely matter to record requests and that she could avoid the state’s open records law by simply ignoring the requests.
Consulte Mais informação »
Klobuchar calls for Supreme Court ethics rules amid new questions over Clarence Thomas's income“It is time for ethics rules in the Supreme Court that are clear and enforceable,” Sen. Amy Klobuchar said Sunday, as new questions were raised about Justice Clarence Thomas.
Consulte Mais informação »
Supreme Court Justice Clarence Thomas Is UnderfireThe panel discusses Justice Thomas underfire for accepting and not reporting luxury vacations.
Consulte Mais informação »
PolitiFact - Why doesn’t the Supreme Court have a formal code of ethics?ProPublica’s reporting revealing Justice Clarence Thomas accepted tens of thousands of dollars in gifts from a Texas billionaire without disclosing them has renewed calls for the U.S. Supreme Court to adopt a code of ethics. So far there isn’t one.
Consulte Mais informação »
U.S. Supreme Court turns away suit by Texas inmate held 27 years in solitary confinementThe U.S. Supreme Court on Monday declined to hear an appeal from a Texas inmate convicted of robbery who argues that the 27 years he was forced by prison officials to spend in solitary confinement violated the constitutional bar against 'cruel and unusual.'
Consulte Mais informação »