I know everybody's excited about the SEC losing in court, and it is indeed an important victory, but it's worth bearing in mind that Gensler knew he was acting outside the law long before the verdict. The largest institutions care less about what is legal than what they can get away with.
Given how long it takes the courts to rule, it is a reminder that in the context of the government's own misconduct, there are limits to the utility of law.
Snowden / Edward Snowden
npub1sn…rjdv9
2023-08-29 22:07:16 GMT
Author Public Key
npub1sn0wdenkukak0d9dfczzeacvhkrgz92ak56egt7vdgzn8pv2wfqqhrjdv9Published at
2023-08-29 22:07:16 GMTEvent JSON
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"content": "I know everybody's excited about the SEC losing in court, and it is indeed an important victory, but it's worth bearing in mind that Gensler knew he was acting outside the law long before the verdict. The largest institutions care less about what is legal than what they can get away with. \n\nGiven how long it takes the courts to rule, it is a reminder that in the context of the government's own misconduct, there are limits to the utility of law. \n\n",
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