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The SEC's Overreach Is Putting Regulators at Risk
The industry is anticipating clarity on regulations either through the courts or Congress. Recent court cases have had an impact on changing perceptions and the importance of legislation. Defeats for the SEC and FTC have prompted regulators to reevaluate their enforcement powers. If these cases reach the Supreme Court, the current political environment suggests the court would push back on the SEC's actions. Democrats who are not actively participating in the debate risk having the rules set by a Supreme Court that may not align with their views. Lawmakers need to recognize the stakes and find a compromise on regulations. The episode is coming to an end, but there is still much more to discuss.