Crypto Exec's Case Against SEC Shows Limits Of Admin Law
Litigation attorney Steven Gordon published an article in Law360 describing the Terraform v. SEC case and how the suit illustrates why the Administrative Procedure Act often cannot be used to challenge actions by modern regulatory agencies. In this article, Mr. Gordon provides a thorough overview of the case, explaining why the CEO of Terraform Labs sued the U.S. Securities and Exchange Commission, seeking to quash two administrative subpoenas that were served on him at a cryptocurrency summit in New York City. Mr. Gordon continues to explain that there is a substantial issue whether service of the subpoenas was valid and that the suit is nonetheless subject to dismissal.
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