The US Supreme Court issued a 6-3 decision on June 29-30, protecting the Federal Reserve’s independence while stripping similar protections from the Securities and Exchange Commission. According to Noah Feldman, a Harvard law professor, the president can now fire any SEC commissioner at any time for any reason. The SEC currently has three Republican commissioners while the CFTC is operating with only a single commissioner, Michael Selig, which weakens the development of digital asset rules. Legal experts have warned that this decision could lead to increased market volatility and regulatory instability.
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