According to Odaily Planet Daily, investment bank TD Cowen said on Monday that the recent ruling of the U.S. Supreme Court to overturn the Chevron principle may complicate crypto legislation. Although it is generally believed that this ruling is good for the cryptocurrency industry because it will help the cryptocurrency industry challenge the rules and enforcement of the U.S. Securities and Exchange Commission in the future, it does not change any past rulings and will not reconsider previous rulings. The report pointed out that what this decision means for legislators who hope to regulate the industry and stablecoins through legislation is a bigger problem. For example, when retail investors participate in the staking plan of the trading platform, or if the tokens have ever hidden their sources through the mixer, how will AML/BSA controls apply? Both sides are no longer willing to listen to the opinions of regulators because the courts may now conduct a secondary review of these decisions.
