A recent Supreme Court ruling on student loans could help coinbase's bid to bat off SECGov charges, the exchange's lawyers say. jackschickler reports
by canceling around $430 billion in student debt, reinforcing a legal doctrine that says that government agencies need clear support from Congress if taking a decision of major economic or political significance.
Coinbase says that “closely analogous” case, cited as Biden v. Nebraska, will have a bearing on its own, because lawmakers still haven’t set out clear rules for crypto. “Far from granting the ‘clear congressional authorization’ required for the SEC to exercise such authority, Congress has expressly recognized that it has not yet delegated such regulatory authority and is actively considering regulatory structures for the digital asset industry,” said Coinbase’s filing.bipartisan bill
by Senators Cynthia Lummis and Kirsten Gillibrand which favors giving authority to the Commodity Futures Trading Commission rather than the SEC. The SEC has argued that digital assets including the tokens tied to Solana , Cardano , and Polygon constitute regulated securities, and that the Coinbase
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