.krakenfx's top lawyer msantoriESQ sees a vulnerability for the SECGov's campaign against crypto firms it says are breaking the law: The U.S. Supreme Court has said federal agencies must defer to Congress on the big stuff. jesseahamilton reports
of a pending SEC action, and Santori thinks it’s especially relevant as lawmakers start work on crypto oversight.
“The fact that Congress is taking this up, and you have representatives on both sides of the aisle – two committees having aon it – these are all indicators that there is in fact a major question,” Santori said in an interview. “A court might look at what Congress is doing and say that the agency is getting ahead of its mandate from Congress, that this is a major question that ought to be decided by Congress.”that its U.S.
“The agencies have to decide for themselves whether this is a major question,” said Santori, who was among the witnesses at this week’s joint hearing of the House Financial Services Committee and the House Agriculture Committee. Santori said he was heartened that most lawmakers from both parties seemed to think legislation was in order for crypto oversight, though he acknowledged that the uncertainty of the Senate’s view leaves some question about its potential.
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