Federal Court Crypto Case Could Shape SEC Power Over Coinbase, Broader Crypto Regulation
• Federal judge hearing major case that could decide future of crypto regulation in the U.S. Outcome could support or restrict SEC's agenda under Chair Gensler.
• Case centers on whether crypto tokens sold on Coinbase's platform should be considered securities subject to SEC regulation.
• Recent court decisions have produced mixed rulings on whether specific crypto tokens constitute securities.
• Some in Congress argue SEC is overstepping authority in seeking to regulate crypto, call for lighter touch regulation.
• Supreme Court hearing case on Chevron Doctrine that could restrict power of federal agencies like SEC.