Benjamin Edwards (Law) published a short piece summarizing a recent article highlighting how the post-Trump era Supreme Court poses systemic risk to the global financial system in the Columbia Law School Blue Sky Blog. Many financial markets depend on the steady functioning of self-regulatory organizations. Yet these organizations occupy an uncertain constitutional ground as they sit in a liminal space between business and government. If the Supreme Court intervenes to declare some of their operations or rules unconstitutional, the resulting legal uncertainty could freeze U.S. capital markets, potentially touching off a financial crisis.
