The Supreme Court ended the Chevron doctrine in June — significantly undermining the Securities and Exchange Commission's ability to stand athwart crypto.
What do fishing boats, truck stops, and the Securities and Exchange Commission (SEC) have to do with each other? Quite a bit if you have been following recent decisions from the Supreme Court of the United States (SCOTUS).
In what is shaping up to be a watershed moment for the federal government’s power to regulate tech startups, SCOTUS handed down a June 28 decision — Loper Bright Enterprises v. Raimondo — that created two new ways to challenge federal agencies that have tried to expand their reach to crypto.
For years, crypto startups have been struggling to get out of a regulatory gray area. Agencies such as the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the Treasury Department have all undertaken efforts to extend their reach into this rapidly evolving industry. Most startups face a barrage of compliance challenges, and crypto has perhaps faced the most.
