Uniswap cites Supreme Court ruling to push back against SEC's DeFi oversightcryptoslate.com/uniswap-cites-supreme-court-ruling-to-push-back-against-secs-defi-oversight/
199 sats \ 2 comments \ @Cje95 10 Jul news
Thanks to the death of Chevron the SEC is going to be in quiet a pickle since they have yet to actually list and prove the asset claims on crypto. Since the era of agencies being able to interpret law is gone the 1939 laws do not matter because now the laws practically have to state "cryptocurrency" or "blockchain" in some way shape or form or it doesn't count!
I expect we will see everyone that is getting hit with the Wells Notices (Coinbase, Robinhood, Uniswap, etc) to start filing to get these charges dropped because the legal standing for the SEC as of now when it comes to crypto being assets is gone!
write
preview
this territory is moderated
related posts
113 sats \ 0 replies \ @grayruby 10 Jul
Courts could still decide the SEC is correct in their interpretation.
reply
100 sats \ 0 replies \ @SwearyDoctor 10 Jul
"Since the era of agencies being able to interpret law is gone the 1939 laws do not matter because now the laws practically have to state "cryptocurrency" or "blockchain" in some way shape or form or it doesn't count!"
No, that's a misinterpretation, I'm afraid. They don't have to state that at all.
The change with the end of Chevron is that the agencies no longer get to make interpretaions of the law. The right way to read this is: The change with the end of Chevron is that the AGENCIES no longer get to make interpretaions of the law, not The change with the end of Chevron is that the agencies no longer get to make INTERPRETATIOS of the law.
That is to say: of course laws have to be interpreted; they always have to, no law could possibly be completely clear and expect all of its possible applications. the act of interpretation is unavoidable. What changes with Chevron is that this right/power no longer rests with the agencies, as it had; it means the agency now has to go to xcourt to get an interpretation. Still huge, as a change, because it prevents agencies from just claiming what suits them. But of course the court can still interpret securities law to apply to "crypto". It's just a mucyh, MUCH more complicated process, and there is the change to challenge it when it happens, more than before.
reply