
Reining in Regulatory Expansion
ICAN is pushing back against the SEC’s efforts to expand its regulatory jurisdiction and authority, working to establish and reinforce clear, reasonable boundaries that provide certainty and stability for market participants.
In an era of rapid financial innovation, a key focus for ICAN is actively challenging SEC efforts to expand the definition of terms like "dealer," "security," and "broker," efforts that threaten the innovation helping to drive the modern American economy. At the same time, ICAN is manning the legal walls the United States Supreme Court has already established to restrain the SEC, directly challenging attempts by the SEC to flout those Supreme Court limitations. It is a grinding war of attrition, but one that is crucial to halting the insidious bureaucratic momentum of a regulatory agency with a seemingly limitless reach, and it requires an organization that is focused full-time on SEC action.