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
Can you explain this to me in another way, it is still unclear to me what the impact of this is, and what they were doing.
That's the same question I have. This is confusing. Is this a good thing or a bad thing?
Think of it like this. They now have to give you your full due process rights if you demand them. That means a petty bureaucrat has to get a court date and put you in front of a jury to bleed you dry. He can't just call up a panel made up of other petty bureaucrats and get them to rubber stamp your life being ruined.
With the courts being overloaded it will force them to negotiate in good faith and work deals that most likely favor the citizen. The current system is basically hey offer you a "deal" that sucks balls and you either take it or they rubber stamp your destruction. That's assuming you get a nice guy or don't piss him off. Call your IRS agent a son of a bitch and the next thing you know you're doing jail time. Just because he doesn't like you.
Now that same petty son of a bitch has to get a jury of your peers to agree you need to have a hot poker shoved up your ass just because you called him a mean name.
The jury system is broken FYI. People are taught in school to trust authorities and such... don't think for yourself, look it up... trust the government agent... the DA... the IRS/ATF/FBI etc but hopefully we can reverse that problem and with sane juries then proper due process will castrate the government. It will no longer be all powerful. We The People will have power back.
This should also mean you get full due process when you sue them :)