The US Supreme Court has made a significant decision limiting federal agencies, including the SEC, from interpreting ambiguous laws through rulemaking. This ruling, which overturns the Chevron deference, grants courts greater authority in evaluating agency actions under statutory frameworks.

This development is viewed as potentially advantageous for the crypto industry, particularly in ongoing legal disputes. Ripple and other crypto entities facing SEC lawsuits could benefit as courts gain more independence in interpreting relevant laws, such as the Howey Test. Experts suggest this shift may challenge the SEC's approach to classifying crypto assets as securities, impacting cases like the one against Coinbase.