@scotty2ten - Scott Chamberlain | 🏴☠️ 🪝
I think this is more significant than people realise. Yes, the SEC can appeal later, but it is stuck with shitty factual record that makes successful appeal much more difficult. It also means Supreme Court is less likely destination - there’s no major legal questions to decide, just the difficult but ultimately mundane task of applying known law to a complicated fact matrix that doesn’t support the SECs claim. The law didn’t change. SEC failed to prove it case. Now it has to push shit uphill with a pointy stick if it wants to win.