ChainCatcher news, according to apnews, the U.S. Supreme Court ruled that the Securities and Exchange Commission (SEC) must provide defendants the right to a federal jury trial in fraud cases, stripping the SEC of a key enforcement tool used in certain civil fraud complaints through internal procedures. This ruling could have far-reaching implications for other regulatory agencies. The Supreme Court made this decision with a 6 to 3 vote, stating that the SEC's internal procedures violate the Constitution.The SEC generated over $5 billion in civil penalties in fiscal year 2023, but it is currently unclear how much of that came from internal procedures or federal court litigation. This case is part of a push by conservative and business interest groups to limit the power of federal regulatory agencies.

ChainCatcher news, according to Bloomberg, a jury of 12 federal jurors in New York will decide whether Mango Markets attacker Avi Eisenberg manipulated the market.It is reported that on Wednesday, the jury heard the closing arguments from the U.S. government in the case against Eisenberg, who was arrested in December 2022 in Puerto Rico and charged with commodity fraud, commodity manipulation, and wire fraud related to Mango Markets. If all three charges are upheld, he faces up to 20 years in prison. Prosecutors concluded Eisenberg's trial on Wednesday, stating that he manipulated futures contracts through false trading of MNGO tokens on October 11, 2022, and that traditional criminal law applies to Eisenberg.However, Eisenberg's defense attorney argued that he "employed a successful and legal trading strategy in which he put his own funds at risk. He fully complied with the smart contracts of Mango Markets." The jury did not reach a final verdict on Wednesday. They will reconsider the three charges against Eisenberg on Thursday.