What is the Context of Statutory Authority?

Statutory authority is a key consideration in discussions about how government agencies regulate the digital asset industry. News frequently reports on which statutes agencies cite when taking enforcement actions or proposing new rules for cryptocurrencies and related businesses. The interpretation and application of existing statutory authority to novel technologies remain a central point of legal and regulatory scrutiny.

Statutory Authority

Definition

Statutory authority refers to the power or right granted to a person or body by law. This authority permits them to perform specific actions, make decisions, or enforce regulations. It is derived from statutes enacted by legislative bodies. Understanding statutory authority is essential for comprehending the legal basis of governmental or institutional power.

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∞Digital Asset Policy

∞Financial Technology

∞Pilot Programs

SEC Chair Mandates Innovation Exemption to Modernize Digital Asset Regulation

The SEC's pivot to an innovation exemption leverages statutory authority to provide a critical, structured compliance path for crypto-native models.

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∞Judicial Invalidation

∞Market Maker Regulation

∞Trader Exemption

Court Voids SEC Rule Redefining Dealer Authority over Proprietary Traders

The judicial ruling restores the critical trader/dealer distinction, preserving operational flexibility and avoiding onerous capital requirements for market makers.

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∞Securities Registration

∞Digital Asset Trading

∞Compliance Frameworks

SEC Withdraws Dealer Rule Appeal Following Court Vacatur

The SEC's retreat from its expanded dealer definition redefines compliance obligations for market makers and liquidity providers, alleviating registration burdens.

Statutory Authority

Definition

Context

SEC Chair Mandates Innovation Exemption to Modernize Digital Asset Regulation

Court Voids SEC Rule Redefining Dealer Authority over Proprietary Traders

SEC Withdraws Dealer Rule Appeal Following Court Vacatur

Incrypthos

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