The Supreme Court Ruling On SEC ‘ s & What It Means For Crypto

Today the Supreme Court ruled against  the SEC ‘ s ability to take away profits from those who commit securities fraud .

What the Supreme Court ruling on SEC penalties means for crypto

” Compound Finance General Counsel Jake Chervinsky, however, told Decrypt, that it doesn’t portend too much for crypto startups. ‘ This is a largely procedural ruling that shouldn’t have much impact on crypto, ‘ he said. ‘ The SEC was already in the habit of seeking disgorgement in civil actions and here the Supreme Court upheld their authority to do so. This shouldn’t change their behavior at all. ‘

The SEC, at least officially, agrees that it’s still business as usual. According to Bloomberg, SEC spokeswoman Chandler Costello said that today’s ruling ‘ allows us to continue to strip wrongdoers of their ill-gotten gains and return money to its rightful owners, following the court’s direction to ensure that our efforts embody principles of equity and fairness. ‘ ”

Master Asked on June 23, 2020 in Cryptocurrency.
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