US Supreme Court’s Computer Fraud Ruling Has Big Implications for Crypto

[Paglamon]

Andrew Hinkes is an attorney with Carlton Fields and an adjunct professor at the New York University Stern School of Business and New York University School of Law.

This summer, the U.S. Supreme Court will consider how to interpret the 1986 Computer Fraud and Abuse Act, a key data protection law. The court’s decision could criminalize common but technically prohibited computer-related conduct, put limitations on a powerful law that punishes insider data theft and abuse like exchange hacks, or come down somewhere in the middle.
Source: https://www.coindesk.com/us-supreme-court-computer-fraud-ruling-has-big-implications-for-crypto

[TomPluz]

 

Personally, I am not against any law which aims is to protect ordinary guys like me and of course anybody including small and big firms from frauds and hacking. There should be a law like this and should be implemented fair and square. Let's see what can be then...

[Noverteno]

I did not know that a court decision, even if the Supreme Court, could establish criminal liability in the United States. Case law exists there and therefore specific court decisions for similar cases may have the force of law. However, for a criminal decision to be imposed, this is something new.
In any case, illegal actions should be punished, and the specific mechanism for this should be clearly regulated by state regulations.