How New York judge Analisa Torres changed Gary Gensler’s career
If anyone spends too much time listening to crypto content creators, they might come away with the impression that the Securities and Exchange Commission (SEC) has lost the majority of its court battles against the industry. Although Protos has already debunked this widespread misconception, there is one particular judge who has frustrated the SEC’s enforcement of US securities laws on the crypto industry: Analisa Torres. Docket observers in the Southern District of New York know that signatures from US district judge Torres are anything but a rubber stamp. Her extensively cited and carefully deliberated rulings have upended some of the highest-profile civil actions against the crypto industry. In so doing, she has checked the powers of chairman Gary Gensler and clarified that some of his views do not reflect the law of the land. The SEC employs the most workers of any country’s securities regulator. Tasked by Congress to oversee over $118 trillion worth of trades in US equities ...