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>"does SEC even have jurisdiction here?" In a Machiavellian way, I've come to realize that the Standard Operating Procedure for government/bureaus is that when
by BitwiseFool 5y ago
>"does SEC even have jurisdiction here?"
In a Machiavellian way, I've come to realize that the Standard Operating Procedure for government/bureaus is that when faced with ambiguity about jurisdiction it's better to ask for forgiveness than permission. In practical terms, who's stopping them?
- user-the-name 5y ago> In practical terms, who's stopping them? Courts? Pretty basic principle of how democratic systems are built.
- Kranar 5y agoNot so, at least in the U.S. and Canada. As per "Chevron deference" the courts are bound to defer to regulatory agencies over how to interpret ambiguous areas of the law: https://en.wikipedia.org/wiki/Chevron_U.S.A.,_Inc._v._Natural_Resources_Defense_Council,_Inc https://en.wikipedia.org/wiki/Chevron_U.S.A.,_Inc._v._Natura....
- qeternity 5y ago> when faced with ambiguity about jurisdiction it's better to ask for forgiveness than permission Genuinely curious what has given you that impression. Regulators have been insanely slow to act on crypto (and there’s no regulatory overreach here). In general, it’s a meme that regulators are slow to act and often without any teeth.