The U.S. Securities and Exchange Commission asserted on Tuesday that its crypto enforcement campaign is not barred by the U.S. Supreme Court’s “major questions doctrine,” countering sweeping arguments by the crypto exchange Coinbase that Congress has not authorized the SEC to police the industry.
The agency’s defense of its enforcement power came in a brief opposing Coinbase’s motion for a quick judgment against the SEC in the agency’s case, which accuses the crypto trading platform of failing to register as a securities exchange.
‘Enforcement 40’ for 2020
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