Golden Finance reported on Monday that the recent overturning of the Chevron doctrine by the US Supreme Court may complicate cryptocurrency legislation. The report states, 'After the Supreme Court took action, it was widely believed that the ruling favored the cryptocurrency industry. We partially agree with this view, as it will help the cryptocurrency industry challenge the rules and enforcement of the US Securities and Exchange Commission in the future. However, this does not change any past rulings, nor will it reconsider previous rulings.' The report believes that the larger issue is what this decision means for lawmakers who hope to enact legislation to regulate the industry and stablecoins. Analysts say, 'We are discussing details that are not usually seen in legislation, such as what happens when retail investors participate in exchange platforms' staking programs, or how AML/BSA controls will apply if tokens have previously hidden their source through mixers. Both sides are no longer willing to comply with regulatory agencies' opinions because the courts may now review these decisions.'
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Golden Finance reported on Monday that the recent overturning of the Chevron doctrine by the US Supreme Court may complicate cryptocurrency legislation. The report states, 'After the Supreme Court took action, it was widely believed that the ruling favored the cryptocurrency industry. We partially agree with this view, as it will help the cryptocurrency industry challenge the rules and enforcement of the US Securities and Exchange Commission in the future. However, this does not change any past rulings, nor will it reconsider previous rulings.' The report believes that the larger issue is what this decision means for lawmakers who hope to enact legislation to regulate the industry and stablecoins. Analysts say, 'We are discussing details that are not usually seen in legislation, such as what happens when retail investors participate in exchange platforms' staking programs, or how AML/BSA controls will apply if tokens have previously hidden their source through mixers. Both sides are no longer willing to comply with regulatory agencies' opinions because the courts may now review these decisions.'