Ripple Vs SEC: US Supreme Court To Interfere If SEC Appeal Judge Torres' Ruling
Renowned journalist Brooke Masters, in a Financial Times editorial, highlights the potential ramifications of the SEC’s regulatory drive in the cryptocurrency landscape. Masters underscores the pivotal role of the SEC’s decision to appeal the Torres ruling, suggesting it could empower the conservative Supreme Court majority to challenge the SEC’s jurisdiction, spurred by concerns about excessive regulatory measures. advertisement US Supreme Court To Interfere SEC This observation follows a recent incident where the SEC’s aggressive stance on crypto enforcement faced a setback as a federal judge in New York partially rejected it. The enforcement approach has also triggered concerns from some members of Congress who argue that it bypasses the legislature’s authority to formulate securities laws. Another side of this debate is also worth mentioning. The “Howey test,” is the reason cited by Torres in the Ripple ruling. The te...