White House · Donald Trump · FTC · SEC · Supreme Court · U.S. · CryptoSlate
SEC and CFTC crypto readies face new risk from Supreme Court ruling
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On June 29, the US Supreme Court ruled that President Donald Trump had the authority to remove the Federal Trade Commission (FTC) Commissioner Rebecca Slaughter, rejecting the statutory limits that previously allowed FTC commissioners to be fired only for cause.
Key facts
- On June 29, the US Supreme Court ruled that President Donald Trump had the authority to remove the Federal Trade Commission (FTC) Commissioner Rebecca Slaughter, rejecting the statutory limits
- The Senate Banking Committee advanced the bill in May by a 15-9 vote
- That includes the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), which have traditionally been designed to operate with staggered terms, bipartisan
- However, Markus Levin, co-founder of XYO, told CryptoSlate that while the Supreme Court decision does not change the SEC’s or CFTC’s legal authority over crypto, it could give future administrations
Summary
01 The Supreme Court said Trump could remove an FTC commissioner, weakening long-standing limits on firing independent agency leaders. 02 That ruling could make the SEC and CFTC more responsive to presidential priorities as they shape crypto oversight. 03 For crypto firms, faster rulemaking is possible now, but future administrations could more easily reverse course or slow implementation. This decision overturned Humphrey’s Executor, the 1935 precedent that had protected certain independent agency commissioners from dismissal without cause for more than nine decades.