The high court’s decision further bolsters the argument “that Congress, not an agency, should decide if — and how — to regulate Web3.”
The impact of the United States Supreme Court’s Loper Bright vs. Raimondo decision is potentially profound for the cryptocurrency industry.
At the highest level, it may nudge the balance of power between the judicial and executive branches of the US government.
As a result of the 6–3 decision, US courts will no longer be required to “defer” to federal agencies when interpreting ambiguous statutes — as had been the case since the high court’s Chevron USA Inc. vs. Natural Resources Defense Council ruling in 1984.
