Here is your Forbes Daily Briefing for Thursday, July 25th.

Today on Forbes,

why the Supreme Court's attack on federal agencies is a boon for crypto.

As the biggest names in crypto remain embroiled in years-long legal battles with federal regulators,

the Supreme Court has delivered them a gift.

Three landmark decisions weakening the powers

of those same federal agencies.

That, plus the possibility of a

crypto-friendly second Trump administration

and movement in Congress on pro-cripto legislation are providing tailwinds for the industry.

First, on June 27th, in a 6-3 decision, the conservative majority of the Supreme Court decided in Securities and Exchange

Commission v. Jarkesi that when the SEC seeks to find organizations for fraud without pursuing

criminal charges, it must do so in federal courts instead of relying on its own administrative law judges.

Under Chairman Gary Gensler, the SEC is made cracking down on the crypto industry a priority.

According to an analysis by Cornerstone research,

the SEC brought a record 46 enforcement actions against digital asset firms in

2023, with 20 of them, up from 6 in 2022, resolved as administrative

proceedings.

Most of the litigations, 20 of 26, alleged fraud, but so did six of the crypto administrative

cases, according to the analysis.

The new limit on administrative law judges doesn't directly affect SEC cases against such high profile players as asset exchanges coinbase and

Cracken

...