According to Cointelegraph, U.S. Congressman Tom Emmer said that unless Congress passes legislation to limit the regulatory authority of federal agencies, overturning the Chevron principle will have limited impact on cryptocurrency regulation, and only if the Republicans win in the upcoming election can this ruling have a substantial impact on the crypto industry. The Chevron principle is part of U.S. administrative law and gives federal agencies the power to interpret laws when they are vague. The U.S. Supreme Court overturned the Chevron principle in June, which means that courts no longer need to follow the opinions of federal agencies such as the Securities and Exchange Commission when interpreting ambiguous regulations.