Fifth Circuit Rebuffs SEC’s Broad Exchange Act Reach in Crypto Case
SEC Crushed: Fifth Circuit Rips ’24 Exchange Act Expansion. In a stinging rebuke to the SEC, the Fifth Circuit Court of Appeals on November 26, 2024, vacated an expansive interpretation of the Securities Exchange Act that would’ve ensnared crypto platforms in unprecedented regulatory quicksand. The ruling slams the door on the agency’s attempt to bootstrap…
