Reported 12 months ago
The Supreme Court of the United States has overturned the Chevron deference, a long-standing principle requiring courts to defer to government agency interpretations of ambiguous laws rather than interpreting them independently. This landmark decision has significant implications for financial regulation, potentially leading to increased litigation, elongated rulemaking processes, and uncertainty about new regulations. The ruling is expected to impact regulatory clarity in areas such as emerging technologies like AI.
Source: YAHOO