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Chevron Deference: 40-Year Decision Reversed & Explained | Justin Slaughter
Jul 3, 2024
In this engaging discussion, Justin Slaughter, Policy Director at Paradigm and former SEC and CFTC advisor, dives into the implications of the Chevron Deference case for the cryptocurrency world. He explores the potential benefits and drawbacks of the Supreme Court's decision, addressing fears of unchecked corporate power versus the need for clear regulatory frameworks. Slaughter also contrasts perspectives from both sides of the political spectrum, offering insights into how this shift in governance might affect the future of crypto regulation and the balance of power in Washington.
59:11
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Quick takeaways
- The recent overturning of the Chevron deference doctrine shifts power from executive agencies to the judiciary, reducing potential for regulatory overreach.
- Agencies like the SEC, empowered by Chevron deference, faced critique for unchecked regulatory power, impacting contentious areas like crypto regulation.
Deep dives
Impact of Overturning Chevron Deference on Administrative State
The recent overturning of the Chevron deference doctrine has significant implications on the balance of power within the administrative state. For the past 40 years, executive agencies have received substantial deference in interpreting statutes, but now, courts have regained the authority to independently review and strike down agency rules, reducing the potential for regulatory overreach. This shift in power to the judiciary and potentially to Congress is seen as a way to ensure greater accountability and prevent unchecked expansion of agency authority.
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