Crypto Goes On Offense as the Legal Tide Begins to Turn
The Breakdown
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Coinbase's Motion to Dismiss Based on the Major Questions Doctrine
Coinbase filed a motion to dismiss based on the major questions doctrine. This is a relatively new US Supreme Court legal doctrine, which says that Congress does not delegate major questions of economic and political significance to be decided by executive agencies like the SEC. The defense is interesting because legislation has recently been introduced that would create law on how digital assets are regulated.
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