I read an article about how the recent supreme court emphasis on the "major questions doctrine" may affect cryptocurrency. The article I read about is here: https://www.reuters.com/legal/transactional/column-coinbase-crypto-industry-hope-new-supreme-court-doctrine-is-silver-bullet-2023-05-01/

First and foremost, here is a thorough outline of what the "major questions doctrine is from the Congressional Research Service: https://crsreports.congress.gov/product/pdf/IF/IF12077 

If you read that, it talks about how the idea of the major questions doctrine has been looked at from the supreme court in two specific ways. One of the ways is that if Congress had not "clearly" identified or "empowered" the agency with regulating, enforcing, or having authority over something it cannot regulate of enforce the thing it has not been empowered or enforced to do so. Second, it indicates an agency without proper authority cannot do so if the issue/business/space has "vast economic and political significance."  

I am not a great legal mind, nor am I a great cryptocurrency mind. However, It is clearly an abuse of power by the SEC over cryptocurrency on both accounts identified above. It is clear, you can read about the role of the SEC in legal documents, and in no way are they approved to regulate cryptocurrency.  Second, cryptocurrency has clearly has economic and political significance.  I do not believe this opinion is emotionally motivated. I am not "wishing upon a star" in regard to this. This is not distorted. Now, if the SEC has better lawyers, or if no one takes up the case, it won't matter. 

Even outside of cryptocurrency, I believe all in the United States should applaud the recent emphasis on the "major questions doctrine." we do not want or need agencies with political agendas to do whatever they want without regard to oversight. I say this regardless of political party.

As a psychologist, someone who understands systemic thinking, someone who pays attention to history and movements, this idea of the "Major questions doctrine" is likely and should be the most significant idea for cryptocurrency as it stands today. If this works in cryptocurrencies favor, the Ripple lawsuit goes away, the picking and choosing to identify winners and losers regarding specific cryptocurrencies as securities or not goes away, and it will demand regulation from those who are elected to do their job that they actually do their job in terms of cryptocurrency.