The biggest issues stem from efforts by the Securities and Exchange Commission to classify cryptoassets as securities, putting them under the federal regulator’s purview. Although the SEC has won some early battles, it could get more skepticism once it reaches the Supreme Court, which has repeatedly curbed the power of federal regulatory agencies.
“Eventually, one of them is going to get up to the Supreme Court,” said Bloomberg Intelligence litigation analyst Elliot Stein. “And I think the current Supreme Court is probably eager in some ways to rein in what a lot of industry folks consider to be a very aggressive SEC.”
Source: Supreme Court Crypto Case Over Coinbase Is First of Many Expected – Bloomberg