Fifth Circuit Court rules SEC can't regulate markets 👀❗❗
(media.greatawakening.win)
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Declaring administrative hearings a violation of the 7th amendment is an enormous ruling. it's been considered constitutional because you can always appeal the agency ruling in district court, which is incredibly expensive and as a result almost noone ever does it, but you theoretically can.
If SCOTUS backs this it will basically dismantle the administrative state.
Link to the ruling: https://www.ca5.uscourts.gov/opinions/pub/20/20-61007-CV0.pdf
So if this is upheld, then when a government agency wants to enforce a regulation on a citizen or entity, it will have to sue in court where they will have the burden of proof. Am I understanding this correctly?
Pretty much what it is doing it's beginning the dismantling of the administrative state. The administrative state is where they basically run their own courts and then legislate using the courts which is completely unconstitutional and this is exactly what should happen. Personally I hope they burn the whole f****** thing down.
Also this is one of the weapons the deep state uses to inflict their will on the people so that so this is absolutely wonderful That this is happening
Yes. The title of this post is not entirely correct. The SEC or any federal agency can still regulate markets, BUT they can't be judge, jury, and executioner. You know have to go through proper courts and not the SEC's own court with judges that will not be neutral.