Freedom

The cryptocurrency industry is facing a battle for survival against regulatory measures imposed by the SEC and banking regulators.   
In this modern-day struggle for financial freedom, Coinbase and other crypto firms are invoking the principles laid down by the Constitution's major questions doctrine to defend against overreach and preserve the vision of decentralization and liberty.   
The major questions doctrine is a legal principle that holds agencies like the SEC accountable when they overstep their authority and manipulate vague statutes to achieve their ends.   
The doctrine has been invoked by the Supreme Court in cases involving the FDA's regulation of cigarettes and the EPA's mandate over carbon emissions.   
In these cases, the Court emphasized that significant national or political questions require explicit authorization from Congress.   
Coinbase, a leading crypto exchange, finds itself at the forefront of the crypto industry's legal battle against the SEC's regulatory actions.   
By leaning on the major questions doctrine in its response to the SEC's lawsuit, Coinbase challenges the agency's attempts to regulate crypto without appropriate adaptations to the digital era.   
The SEC's approach to crypto has been rigid and unyielding. Instead of addressing the nuanced questions raised by Coinbase and others, the SEC insists on compliance with outdated laws that do not fit the unique nature of cryptocurrencies.   
Crypto defendants like Coinbase, Ripple, and Binance are pioneering a revolution that aims to decentralize financial power, putting control in the hands of individuals.   
Drawing inspiration from America's founders, these crypto firms are using the Constitution's tools to resist regulatory overreach and preserve the quest for autonomy and liberty in the digital realm. 
The post <a rel="nofollow" href="https://optimisus.com/news/crypto-news/crypto-industry-fights-for-financial-freedom-against-sec-regulation/">Crypto Industry Fights for Financial Freedom Against SEC Regulation</a> appeared first on <a rel="nofollow" href="https://optimisus.com">Optimisus</a>.

Crypto Industry Fights for Financial Freedom Against SEC Regulation

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