Elon Musk, Mark Cuban team up to contest SEC trial strategies By Cointelegraph
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Elon Musk, Mark Cuban and others have collaboratively submitted a shared amicus brief to the Supreme Court of the United States to raise concerns about the U.S. Securities and Exchange Commission’s (SEC) approach to conducting internal proceedings without the inclusion of juries.
Mark Cuban, a billionaire crypto investor and decentralized finance (DeFi) advocate who actively engages in the cryptocurrency space, and Elon Musk, the CEO of Tesla (NASDAQ:) and SpaceX, who recently rebranded Twitter into X and wields influence and controversy in crypto, both assert that these administrative proceedings produce disparate outcomes for individuals facing SEC charges. Consequently, this approach has raised concerns about the potential infringement of the U.S. Constitution’s Seventh Amendment right to a jury trial.
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Elon Musk, Mark Cuban and others have collaboratively submitted a shared amicus brief to the Supreme Court of the United States to raise concerns about the U.S. Securities and Exchange Commission’s (SEC) approach to conducting internal proceedings without the inclusion of juries.
Mark Cuban, a billionaire crypto investor and decentralized finance (DeFi) advocate who actively engages in the cryptocurrency space, and Elon Musk, the CEO of Tesla (NASDAQ:) and SpaceX, who recently rebranded Twitter into X and wields influence and controversy in crypto, both assert that these administrative proceedings produce disparate outcomes for individuals facing SEC charges. Consequently, this approach has raised concerns about the potential infringement of the U.S. Constitution’s Seventh Amendment right to a jury trial.
Continue Reading on Cointelegraph
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