According to Odaily Planet Daily, Vivek Ramaswamy, head of the U.S. government's efficiency department, said that the federal government's regulatory spending will face "significant" cuts.
The Supreme Court rejected the Chevron deference doctrine and the major issues doctrine, which were seen as transformative and weakened federal regulatory power.
The court rulings, which are finalized in 2024 and 2022, respectively, limit the ability of federal agencies to interpret the regulations. The changes are expected to affect numerous industries, including the cryptocurrency space.
