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A comment on Crypto Faces Legal Reckoning as SEC Prepares Action Against Coinbase. Parent comment

Re:Crypto Faces Legal Reckoning as SEC Prepares Action Again... by gulbanana on Saturday March 25, 2023 @02:13PM (#35305356)
Can’t they? It seems to be within their legal powers, and the elected officials directing them clearly approve.
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Re:Crypto Faces Legal Reckoning as SEC Prepares Action Again... by ESTheComposer on Saturday March 25, 2023 @02:15PM (#35305384)
No they can't, which is why they've been taken to court in the past and will in the future again.

Also to your elected officials point, no not all of them are happy and have spoken out on both sides of the aisle, and even other agencies like the CFTC have come out against the SEC in the last year for trying to enforce by action instead of regulation

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