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Chevron Deference: 40-Year Decision Reversed & Explained | Justin Slaughter
Jul 3, 2024
59:11
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Justin Slaughter, a policy expert, discusses the implications of the recent Supreme Court decision on the Chevron deference doctrine and its impact on the crypto industry. The podcast explores the effects of the Chevron deference case on crypto regulations, the evolution of administrative state in cryptocurrency regulations, and the reversal of the Chevron doctrine. It also touches on the division of powers within the US government and the potential implications for governance and regulatory bodies in the crypto industry.
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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.
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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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