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Chevron Deference Overturned: Supreme Court Finally Recognizes SEC Chair’s Regulatory Rampage Was Actually Just Him Wearing a Suit and Yelling at People

BitcoinCrypto NewsRegulation/Negotiation 4 Barry Thompson August 16, 2024

An illustration of a large suit-clad figure (Gary Gensler) standing in front of an open door with a sign that reads "Regulatory Rampage" above it. The figure is yelling at people running away from the doorway below him. In the background are several smaller figures representing different industries, including crypto and biotech, looking relieved as they walk towards a more stable-looking regulatory landscape marked by clear laws and predictable regulations. A large arrow points upwards to indicate an end to unchecked bureaucratic power.

The Supreme Court’s decision to overturn Chevron deference is a big win for common sense in the face of regulatory overreach by unelected bureaucrats like Gary Gensler. It’s about time that Congress starts doing its job instead of leaving it up to agencies to make laws out of thin air

Source: bitcoin.com

Supreme Court's Chevron Decision Curtails SEC Chair Gensler's Regulatory Abuses, Says Congressman
https://news.bitcoin.com/supreme-courts-chevron-decision-curtails-sec-chair-genslers-regulatory-abuses-says-congressman
Congressman Tom Emmer has stated that the Supreme Court’s decision to overturn Chevron deference significantly limits “the regulatory abuses” of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. The ruling is seen as a game changer for the crypto industry and other tech sectors, promising more predictable and grounded regulations. Majority Whip Tom Emmer (R-MN) took to social media platform X on Monday to address the Supreme Court’s decision […]

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About the author

Barry Thompson

Barry’s crypto nightmare began when he bought Bitcoin at $3, thinking he’d stumbled upon the financial opportunity of a lifetime. He sold his stash at $100, only to watch in dismay as Bitcoin soared to absurd heights. Now, Barry channels his rage into scathing articles about the crypto circus, seething with resentment at the digital gold rush he barely missed. His motto: “I sold out at $100, but the joke’s on me because the real joke was believing in this absurd circus.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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