The U.S. Supreme Court overturned the Chevron Doctrine, and the SEC no longer has the right to interpret vague laws

TechFlow reported that according to theguardian, the US Supreme Court overturned one of its most important precedents, the Chevron Principle. The Chevron Principle is part of US administrative law and gives federal agencies the power to interpret laws when they are vague.

The ruling has a significant impact on the rulemaking ability of the Securities and Exchange Commission (SEC) and other federal agencies, weakening their power in administrative law.