U.S. Supreme Court Rules President Can Arbitrarily Remove Commissioners of Independent Agencies Such as SEC, CFTC

CoinFeed June 30 news, according to CoinDesk, the U.S. Supreme Court ruled 6-3 that the president has the power to arbitrarily remove commissioners of independent agencies, overturning a 91-year judicial precedent. Several legal experts pointed out that this move will weaken the long-term independence of regulatory agencies including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), alter the balance of power between the president and financial regulators, and may affect the future decision-making structure for financial and crypto asset market regulation.