In the past seven days, the US Supreme Court has issued two decisions that could have long-term implications for the SEC's actions against companies, including cryptocurrencies. 🏛️

1. In a 6-3 decision in SEC v. Jarksey, the majority of the justices concluded that defendants in a civil SEC securities fraud case are entitled to a jury trial, not just a decision by an administrative judge.

2. The Supreme Court followed the SEC v. Jarksey decision with the June 28 opinion - Loper Bright Enterprises v. Raimondo, overturning the 1984 decision that established the Chevron preemption, or doctrine.

“This has direct implications for the crypto industry,” said Sheila Warren, CEO of the Crypto Council for Innovation. "The role and firepower of regulators like the SEC is called into question if the courts are allowed to intervene."

The impact of these decisions on the SEC filing lawsuits against crypto companies could mean an overburdened court system.