The Supreme Court of the United States has ruled that the President has the power to replace the leaders of independent federal agencies, which affects the regulatory progress of the SEC and CFTC

According to The Block, the US Supreme Court ruled 6-3 in favor of President Trump's authority to replace the leaders of multiple independent federal agencies, including the FTC. The revision, exemption, and division of responsibilities of the cryptocurrency regulatory rules being promoted by the SEC and CFTC are being affected.