The U.S. Supreme Court overturned Chevron Deference, and the SEC no longer has the authority to interpret ambiguous laws

ChainCatcher news, according to theguardian, the U.S. Supreme Court has overturned one of its most important precedents, Chevron Deference. Chevron Deference is a part of U.S. administrative law that grants federal agencies the power to interpret laws when they are ambiguous.

This ruling has a significant impact on the rule-making authority of the U.S. Securities and Exchange Commission (SEC) and other federal agencies, weakening their power in administrative law.