Ripple’s Legal Chief on Major Bitcoin and Crypto Developments

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Cryptocurrency circles welcomed the recent decision by the US Supreme Court. Ripple officials have shared their reactions to this decision.

In a landmark 6-3 decision, the U.S. Supreme Court overturned the 1984 Chevron ruling. Previously, this ruling required federal judges to accept federal agencies’ “reasonable” interpretations of unclear laws from Congress. This new decision represents a major shift in the balance of power between the judiciary and federal agencies.

Chief Justice John Roberts, who wrote the majority opinion, emphasized that courts must independently assess whether institutions are acting within their legal limits. He stated, “Courts must use their independent judgment in determining whether an agency is acting within its lawful authority

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