๐Big news in the blockchain world! The U.S. Supreme Court has just ruled that the SEC's use of in-house judges is unconstitutional, shaking up how securities fraud accusations are handled. ๐๏ธ
Previously, the SEC could use an internal process to deal with these accusations, but now they'll have to rely solely on federal trial courts. This could have a ripple effect on other federal agencies too, like the National Labor Relations Board. ๐
Chief Justice John Roberts stated that a defendant has the right to a jury trial, while Associate Justice Neil Gorsuch argued that the SEC's authority to penalize citizens without a jury was a violation of individual liberty. ๐ฝ
This case started in 2013 with hedge fund manager George Jarkesy Jr., and it's been a rollercoaster ride since. What do you think about this ruling? Will it bring more transparency to the blockchain industry? Let's discuss! ๐ฌ๐