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Chevron Deference: 40-Year Decision Reversed & Explained | Justin Slaughter
Bankless
Complexity and Evolution of Administrative State in Cryptocurrency Regulations
22min Snip
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The chapter explores the recent ruling on the Loper Bright case, overturning a 40-year decision on the Chevron deference, and the implications for cryptocurrency regulations within the administrative state. It provides historical context on the Administrative Procedure Act, the evolution of Chevron deference, concerns about administrative power abuse, and debates on the extent of administrative authority in the context of evolving technological issues like crypto. The discussion also focuses on the need for agency heads to advocate for new laws amidst changing political landscapes and the role of experts in agencies to ensure unbiased decisions under the APA rules.
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