A Flurry of Amicus Briefs in Coinbase vs. SEC
The Breakdown
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The SEC's Overreach in Cryptocurrency Regulation
Coinbase is arguing that the SEC has attempted to expand its jurisdiction beyond the authority it was granted by Congress. This argument, as we have discussed, is brought under a relatively recent legal doctrine put forward by the Supreme Court. The major questions doctrine holds that administrative agencies must have explicit authority from Congress to oversee an industry which forms a major part of the US economy.
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Transcript
