🚨 Important news! 🚨

Breaking! The US Supreme Court supports the crypto industry!

The US Supreme Court has made a landmark ruling, overturning a 40-year-old precedent, which has far-reaching implications for the SEC's power to enforce vague regulations. The move is expected to slow the SEC's regulation of the cryptocurrency market.

"Chevron deference" principle abolished: The court abolished the "Chevron deference" principle, which once allowed regulators to interpret unclear laws before Congress passed more clear legislation. The principle was criticized for being "unworkable" and causing "unnecessary instability."

A major victory for cryptocurrency companies: This ruling is significant for cryptocurrency exchanges and companies like Coinbase, Ripple, Binance, and Kraken, which have been fighting against the SEC's overreach. The court's decision reiterated that regulators cannot use legal ambiguity as an excuse for arbitrary interpretation.

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