_Alan’s Daily Market insights_

George Mason University Associate Professor of Law J.W. Verret, the former SEC advisor, stated that legal principle issues may end SEC chairman Gary Gensler_s cryptocurrency crackdown. Verret stated that the principle involves "how the courts view what administrative agencies are doing in so-called independent agencies, and whether they are overstepping their bounds,"
Verret believes that this principle issue could have a significant impact on SEC_s regulatory actions in the cryptocurrency space.
While agencies like the SEC derive their power from broad authorizations, Congress should provide explicit authorizations for major regulatory decisions, which could challenge the SEC_s influence and authority in regulating digital assets operating on decentralized blockchains.