đBlockchain News Express! Paul Grewal, Chief Legal Officer of Coinbase, recently issued a statement saying that the US SEC blocked Coinbase from obtaining access to Gary Gensler's communication files, which aroused industry concern. đ
In March 2021, Gary Gensler told the US Congress that the SEC lacked regulatory authority over digital asset exchanges, which also confirmed the view of market participants that digital asset transactions do not fall under the jurisdiction of securities laws. đĄ
In order to expose how the SEC's enforcement actions violated the constitutional due process requirements, Coinbase has asked Gary Gensler to provide relevant communication documents, but the SEC and Gary Gensler tried to prevent these documents from being exposed. Coinbase said it looks forward to working with the court on this issue. âïž
In addition, the US Supreme Court has overturned the Chevron Deference, an administrative law that gives federal agencies the power to adjudicate when the law is ambiguous. With its overturn, the US SEC and federal agencies may no longer have the ability to make rules. This also means that there may be new changes in the regulation of the blockchain industry. đ
The above is today's blockchain news, let us look forward to more industry dynamics! đ
