Token

Chair

Gary

BASE

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<p>In a significant ruling, the Supreme Court has curbed the Securities and Exchange Commission's (SEC) use of in-house judges for fraud cases, affirming defendants' right to a jury trial. This decision, along with the pending Chevron Doctrine case, could substantially impact the SEC's enforcement capabilities, particularly in the cryptocurrency sector.</p>
<p>The ruling is seen as a blow to SEC Chair Gary Gensler's regulatory approach and may signal a broader pushback against perceived government overreach. Cody Carbone, chief policy officer at the Digital Chamber, views this as part of a larger trend of the Supreme Court reining in the "administrative state" and unchecked agency power.</p>
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<p>Meanwhile, Congress is making strides in crypto regulation. The Financial Innovation and Technology for the 21st Century Act (FIT21) recently passed in the House with bipartisan support, including from prominent Democrats. This development, coupled with the SEC's setbacks, suggests a shifting landscape for crypto regulation in the U.S.</p>
<p>However, the U.S. still lags behind other jurisdictions in establishing clear regulatory frameworks for digital assets. The EU's Markets in Crypto-Assets (MiCA) regulation is entering its implementation phase, potentially putting Europe ahead in terms of crypto-friendly policies. This regulatory gap raises concerns about a potential "brain drain" of talent and companies from the U.S. to more accommodating overseas markets.</p>
<p>As the 2024 presidential election approaches, crypto regulation is becoming an increasingly salient political issue. Both major parties are beginning to recognize the importance of addressing blockchain and cryptocurrency policy, with some candidates actively courting the crypto vote. The upcoming presidential debates may see discussions on U.S. technological leadership, including its stance on emerging technologies like blockchain and AI.</p>
<p><strong>Guest:</strong> Cody Carbone, Chief Policy Officer The Digital Chamber<br>Website ➜ <a href="https://digitalchamber.org/" rel="noopener noreferrer nofollow">https://digitalchamber.org/</a></p>
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🚨Supreme Court Destroys SEC!!🔥Crypto Regulation Update w/ Cody Carbone

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