- The question now is if crypto will be deemed as a question of vast economic or political significance to fit the “major questions doctrine” argument.
- The current makeup of the SCOTUS, which has also recently overturned Roe v. Wade, may be more prone to weaken the power of government agencies.
- Recent Supreme Court announced its decision regarding the lawsuit where the U.S. Environmental Protection Agency (EPA) restricted the power of the organization mentioned above to regulate carbon emissions.
John Deaton’s Apeal To James K.Filan
John Deaton is a public figure and a huge influencer who has a following of around 200K.
He recently explained to James K.Filan, who also happens to be a law influencer on the internet, to remind the public that one should be thinking about the bigger picture when everyone is looking at the scenario of SEC vs. Ripple.
This statement is about the fact that the recent Supreme Court announced its decision regarding the lawsuit where the U.S. Environmental Protection Agency (EPA) restricted the power of the organization mentioned above to regulate carbon emissions.
The current makeup of the SCOTUS, which has also recently overturned Roe v. Wade, may be more prone to weaken the power of government agencies.
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Statement By James K. Filan
This may threaten the Securities and Exchange Commission, commonly known as the SEC, as SCOTUS is continuing its practice of regulation-of-enforcement.
If they finally appeal, the current environment in the government may favor the defendants.
Just after a week of the filing of SEC vs. Ripple, the influencer James K. Filan said:
“When it comes to SEC v. Ripple, and all the different federal agencies trying to regulate crypto, start thinking about the bigger picture, like Chevron deference, the major questions doctrine, and our new Supreme Court makeup.”
This statement was given on December 30, 2020.
All the different federal agencies are hoping to control and regulate cryptocurrencies. On this, he said- Start thinking about the bigger picture.
The question now is if crypto will be deemed as a question of vast economic or political significance to fit the “major questions doctrine” argument.
Source: https://www.thecoinrepublic.com/2022/07/06/major-questions-doctrine-makes-sec-weak/