[Breaking News: The U.S. Supreme Court ruled to overturn the Chevron Deference rule, and the crypto industry may benefit] The U.S. Supreme Court recently overturned the Chevron Deference rule by a vote of 6 to 3. This 40-year-old regulation allows administrative agencies to make interpretive rules when legislation is vague or blank. People in the crypto industry believe that this ruling is beneficial to the industry. Amanda Tuminelli, chief legal officer of the DeFi Education Fund, said that administrative agencies such as the SEC and CFTC will need to expand their regulatory scope more cautiously, especially in emerging fields such as encryption and artificial intelligence. Majority Whip Tom Emmer pointed out that this ruling will directly affect Gary Gensler, chairman of the U.S. Securities and Exchange Commission, and weaken his and other unelected regulators' behavior of legislating through rulemaking.