Tom Emmer Discusses Limited Impact Of Chevron Principle Reversal On Crypto Regulation

According to BlockBeats, on October 10, U.S. Congressman Tom Emmer stated that unless Congress passes legislation to limit the regulatory authority of federal agencies, the reversal of the Chevron principle will have limited impact on cryptocurrency regulation. Emmer emphasized that only a Republican victory in the upcoming elections could make this ruling significantly affect the crypto industry. Previously, in June, the U.S. Supreme Court overturned one of its most important precedents, the Chevron principle. The Chevron principle is a part of U.S. administrative law that grants federal agencies the power to interpret laws when they are ambiguous. This ruling has major implications for the rule-making abilities of the U.S. Securities and Exchange Commission (SEC) and other federal agencies, stripping them of the power to interpret ambiguous laws through rule-making. Consequently, U.S. courts are no longer required to