Reported 9 months ago
The recent Supreme Court ruling has weakened the decades-old legal doctrine known as Chevron deference, giving federal agencies like the US Securities and Exchange Commission less leeway in interpreting the law. This decision could have significant implications for Wall Street regulations, particularly for the SEC as it navigates challenges in implementing comprehensive regulations. The ruling may impact a wide range of areas, from crypto to insider trading, and potentially hinder the SEC's ability to oversee rapidly changing markets, with implications for climate reporting, hedge fund regulations, and protection against insider trading.
Source: YAHOO