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Crypto Bro, You’re Still Screwed: Supreme Court’s Big Decision Won’t Make a Difference

Crypto NewsFeaturedInstitutional Investors Kevin Nelson October 10, 2024

A , exaggerated illustration depicting Representative Tom Emmer standing in front of a broken scale with cryptocurrency symbols scattered around him, while Gary Gensler is shown as a giant hammer holding down an American flag. The background features a cityscape with 'Crypto Bro' and other industry figures trapped behind bars.

Crypto bros, rejoice! (Just kidding). The US Supreme Court’s decision to overturn Chevron deference might as well be just another meaningless noise in the sea of crypto nonsense. Representative Tom Emmer isn’t exactly overflowing with confidence that this development will magically make regulatory hurdles disappear for your precious cryptos.

Source: cointelegraph

Overturned Chevron deference likely won’t impact crypto regulation: Tom Emmer
https://cointelegraph.com/news/chevron-deference-wont-impact-crypto-tom-emmer
The crypto industry won’t benefit from an overturned legal doctrine that forced courts to use federal agency interpretations of ambiguous laws unless Congress passes legislation limiting what those agencies can regulate, said Representative Tom Emmer, a Minnesota Republican. “I don’t think Chevron deference changes a whole lot,” Emmer told Cointelegraph at the Permissionless conference in Utah on Oct. 9. The United States Supreme Court overruled the Chevron doctrine in June, […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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