Interesting day for the @SECGov to file given this morning’s SCOTUS #Chevron ruling, but remember…
The overturning of Chevron doesn’t strip the SEC of its ability to bring enforcement actions.
The SEC can still say to a judge “hey, we believe this activity violates securities laws” and a judge will make a decision based on how he or she interprets the existing law.
What the Chevron ruling may do is give the SEC’s claim that @Consensys is an unregistered broker dealer engaging in the offer and sale of unregistered securities less weight in the eyes of a judge than it may have done yesterday.
In other words, the SEC’s claim that it has full jurisdiction over #crypto matters less today than it did yesterday because there is a question over whether Congress has given the SEC authority to regulate it based on whether or not it’s a security.
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