One of the heads of the U.S. Department of Government Efficiency (DOGE), Vivek Ramaswamy, stated on X that federal regulatory expenditures will face a 'significant' reduction, with two key judicial developments forming the basis for undermining federal regulatory power.
It noted that the Supreme Court rejected the 'Chevron Deference Doctrine' (which allows federal agencies to interpret ambiguous regulations) and the 'Major Questions Doctrine' (which requires agencies to act only when they have clear legal authority), which is considered transformative, 'paving the way for a significant reduction in federal regulatory scope. That day is coming soon.'
The court rulings were finalized in 2024 and 2022, limiting federal agencies' ability to interpret regulations. Analysis indicates that these changes are expected to impact numerous industries, including the cryptocurrency sector.

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