to insider trading charges, changing his plea from not guilty. Wahi is still contesting the securities fraud charges.
The Blockchain Association, a Washington-based crypto lobbying organization, is seeking to advance that argument by saying that the SEC is engaging in “absentee enforcement” as the token creators are not linked to the case, nor, by statute, can they intervene or be otherwise heard. “Rather than pursue proper rulemaking under the [Administrative Procedure Act] to address those issues, the SEC has instead issued a long history of inconsistent, incomplete, and confusing public statements, and has pursued a pattern of “regulation by enforcement,” the docket reads. “Now, the SEC extends its doctrine of ‘regulation by enforcement’ to ‘regulation by unchallengeable allegation’.
BlockchainAssn thesamreynolds TLAs have been ignoring due process and other Constitutional protections for decades now.
BlockchainAssn thesamreynolds
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