Judd Littleton, Co-Head of Sullivan & Cromwell’s Supreme Court and Appellate Practice, was interviewed by Law360 following S&C’s impactful win on behalf of crypto groups in Crypto Freedom Alliance of Texas v. Securities and Exchange Commission.
“The loud and clear message from the courts is that agencies really have to be careful to stay within the statutory authority that Congress has given them,” he said. “They can’t expand that authority, and they can’t redefine old statutory terms to suit new contexts that don't fit with the statute.”
Read the interview.