In a groundbreaking ruling with far-reaching implications for the regulatory landscape, the U.S. Supreme Court has deemed the Securities and Exchange Commission's (SEC) practice of utilizing internal tribunals for enforcement actions as unconstitutional. The decision, announced on Thursday, has invalidated a key method employed by the SEC in cracking down on securities fraud. Under the leadership of Gary Gensler, the SEC has faced intense scrutiny for its handling of cryptocurrency-related cases in recent months.