Supreme Court Ruling Hands SEC and CFTC Direct Presidential Control, Overturning 90-Year Precedent

The U.S. Supreme Court ruled 6-3 on Monday in Trump v. Slaughter that presidents may fire commissioners of independent federal agencies without cause, overturning the 1935 Humphrey's Executor precedent. The decision places the Securities and Exchange Commission and Commodity Futures Trading Commission—crypto's primary market regulators—under direct presidential control. A companion 5-4 ruling preserved the Federal Reserve's independence. With SEC and CFTC commissioners now removable at will, their leadership depends directly on White House occupancy, reshaping regulatory oversight of digital-asset markets.
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