Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Breaking: SEC Powers Weakened By Supreme Court, Stripped Of In-House Fraud Legal Proceedings

Breaking: SEC Powers Weakened By Supreme Court, Stripped Of In-House Fraud Legal Proceedings

Cryptonews2024/06/27 16:07
By:Julia Smith
Breaking: SEC Powers Weakened By Supreme Court, Stripped Of In-House Fraud Legal Proceedings image 0

The United States Supreme Court dealt the Securities and Exchange Commission (SEC) a massive blow regarding securities law enforcement Thursday in a new ruling that sees the federal regulator stripped of its controversial appointment of in-house judges during fraud proceedings.

Supreme Court Votes To Change SEC Legal Proceedings In Fraud Cases


In a 6-3 vote, the nation’s highest court voted in agreement with hedge fund manager George Jarkesy after the SEC claimed that he defrauded investors in 2013.

In Associate Justice Neil Gorsuch’s concurring opinion , the former appeals judge noted that even “the least popular among us” should be able to “resolve his case under procedures designed to ensure a fair trial in a fair forum.”

The ruling significantly cripples the SEC’s enforcement powers when it comes to securities law as fraud defendants will now be granted a trial by jury in federal court in lieu of the SEC’s judicial process.

Editorial note: This story is currently being added to. For the full story check back soon as we add more information and/or perspectives from those involved.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

2025 TGE Survival Ranking: Who Will Rise to the Top and Who Will Fall? Complete Grading of 30+ New Tokens, AVICI Dominates S+

The article analyzes the TGE performance of multiple blockchain projects, evaluating project performance using three dimensions: current price versus all-time high, time span, and liquidity-to-market cap ratio. Projects are then categorized into five grades: S, A, B, C, and D. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.

MarsBit2025/11/28 16:26
2025 TGE Survival Ranking: Who Will Rise to the Top and Who Will Fall? Complete Grading of 30+ New Tokens, AVICI Dominates S+

Mars Finance | "Machi" increases long positions, profits exceed 10 million dollars, whale shorts 1,000 BTC

Russian households have invested 3.7 billion rubles in cryptocurrency derivatives, mainly dominated by a few large players. INTERPOL has listed cryptocurrency fraud as a global threat. Malicious Chrome extensions are stealing Solana funds. The UK has proposed new tax regulations for DeFi. Bitcoin surpasses $91,000. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.

MarsBit2025/11/28 16:26
Mars Finance | "Machi" increases long positions, profits exceed 10 million dollars, whale shorts 1,000 BTC

How much is ETH really worth? Hashed provides 10 different valuation methods in one go

After taking a weighted average, the fair price of ETH exceeds $4,700.

ForesightNews 速递2025/11/28 15:05
How much is ETH really worth? Hashed provides 10 different valuation methods in one go

Dragonfly partner: Crypto has fallen into financial cynicism, and those valuing public blockchains with PE ratios have already lost

People tend to overestimate what can happen in two years, but underestimate what can happen in ten years.

深潮2025/11/28 14:53
Dragonfly partner: Crypto has fallen into financial cynicism, and those valuing public blockchains with PE ratios have already lost