US Supreme Court ruling to overturn Chevron gives crypto industry a win, sources say | Headlines | News | CoinMarketCap

06/29/2024 02:43
US Supreme Court ruling to overturn Chevron gives crypto industry a win, sources say | Headlines | News | CoinMarketCap

The U.S. Supreme Court's decision to overturn the Chevron doctrine — a 40-year-old court decision that defers to federal agencies to interpret the …

The U.S. Supreme Court's decision to overturn the Chevron doctrine — a 40-year-old court decision that defers to federal agencies to interpret the law how they see fit — could prove to be beneficial to the crypto industry.

The Supreme Court justices voted 6-3 on Friday to overturn that doctrine. The opinion was led by Chief Justice John Roberts.

"Experience has also shown that Chevron is unworkable," Roberts said in his opinion. "The defining feature of its framework is the identification of statutory ambiguity, which requires deference at the doctrine’s second step. But the concept of ambiguity has always evaded meaningful definition."

The Chevron doctrine, also called the Chevron deference, comes from a Supreme Court case in 1984 called Chevron U.S.A., Inc. v. Natural Resources …

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