Coinbase, crypto industry hope new Supreme Court doctrine is silver bullet | Reuters

With the U.S. Securities and Exchange Commission in the midst of a stunning barrage of enforcement actions against crypto defendants, the industry has developed a sweeping, if long-shot, argument that the U.S. Supreme Court’s recently-formalized “major questions doctrine” dooms the agency’s campaign.

The argument first emerged last fall in the SEC’s closely-watched Manhattan federal court case accusing Ripple Labs Inc and two Ripple executives of selling unregistered securities. It blossomed early this year in the agency’s insider trading case in Seattle federal court against former Coinbase Inc employee Ishan Wahi. And it has now emerged in a Coinbase white paper in which the crypto exchange attempts to convince regulators not to bring an anticipated enforcement action.

Source: Coinbase, crypto industry hope new Supreme Court doctrine is silver bullet | Reuters