Two court cases before the U.S. Supreme Court could impact the blockchain industry, taking power away from agencies like the SEC.
It is no secret that the head of the United States Securities and Exchange Commission (SEC), Gary Gensler, has issues with the current state of the crypto and blockchain industry.
The U.S. government is not, however, made up of just regulatory agencies. Some U.S. lawmakers do not share Gensler’s views and have pushed back on the SEC’s crypto asset regulation.
When asked about how the previous Ripple court ruling and current Coinbase case could impact the decision of this case, Hogan said: “Major litigation, which includes the Ripple case being the furthest along but may very well be followed by the Coinbase case, is quickly heading to appellate review. The Supreme Court could tip the appellate ruling toward Ripple or Coinbase with a favorable ruling on Loper.”
