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CryptoIntelligence 2024-07-12 20:44:00

Supreme Court’s Loper Bright Decision Shakes Up Cryptocurrency Regulation

The United States Supreme Court’s decision in Loper Bright vs. Raimondo has significant implications for the cryptocurrency industry. The ruling, which ended the long-standing Chevron deference, shifts power between the judicial and executive branches of the US government. Since 1984, Chevron allowed courts to defer to federal agencies in interpreting ambiguous statutes, but the 6–3 decision on June 28 changed that. “Chevron is overruled,” the court declared. “This decision impacts many sectors, including technology, finance, healthcare, and the environment. Jim Lundy, a securities enforcement and litigation partner at Foley & Lardner, commented, “The Supreme Court did the appropriate thing with

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