SEC's In-House Judges Have a Tough Day in Court

Also, Chopra gets (another) cold reception from House Republicans; Gensler has a new (condescending) name for DeFi

After more than two hours of arguments today, it was clear that the Supreme Court’s conservative majority has some issues with the SEC’s in-house court system. But even if the justices rule against the agency in the closely watched case involving a hedge fund manager accused of securities fraud, the regulator’s enforcement efforts don’t seem likely to b…