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Will the Supreme Court’s EPA Decision Move Crypto Regulations off their Tracks?

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Bitcoin regs - Will the Supreme Court's EPA Decision Move Crypto Regulations off their Tracks?This week’s Supreme Court ruling limiting the Environmental Protection Agency's authority may have a surprising beneficiary: cryptocurrency investors who want to avoid federal regulation.  In ruling against the EPA, Chief Justice John Roberts wrote for a 6-3 majority that when a government agency seeks to regulate an area of major significance, it needs to point to “clear congressional authorization.”

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Bitcoin and similar digital currencies are so new, there’s no specific federal law governing them. In that absence, two regulatory agencies, the Securities and Exchange Commission and the Commodity Futures Trading Commission, have taken significant steps toward oversight of crypto.

Blockchain Association, Jake Chervinsky:

[He said that based on the decision, he] believes the Supreme Court would strike down proposed SEC rules for the crypto market.

Perianne Boring, founder and CEO of the Chamber of Digital Commerce:

Today’s decision in West Virginia v. EPA at the very least should give regulators pause in attempting to set policies that exceed their congressionally mandated roles.

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Sheila Warren, CEO of the Crypto Council for Innovation:

I don’t think federal agency rulemaking is off the table in the digital assets space, but I do think this ruling is an indicator that SCOTUS will be a barrier to agencies that are trying to establish broadscale federal policies, especially in areas that states have expressed interest in.


NCFA Jan 2018 resize - Will the Supreme Court's EPA Decision Move Crypto Regulations off their Tracks?The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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