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Jake Chervinsky
@jchervinsky
A major victory against administrative overreach in SEC v. Jarkesy today 💥 SCOTUS holds that the SEC violated the Seventh Amendment right to a jury trial by using in-house hearings to seek civil penalties. I expect this is the first of many blows that SCOTUS will deliver to the SEC in coming years 📈
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Adam Snyder
@adamsnyder.eth
A major victory indeed. SEC will be a named defendant in a massive number of lawsuits seeking to invalidate prior administrative proceedings. They will have to return billions of dollars in fines or retry every case in federal court. Either way, I can't imagine that leaves much enforcement budget to fuck with good faith crypto projects (e.g., Coinbase, Uniswap, etc.). It's a great day for both crypto and the rule of law!
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