The U.S. Supreme Court has overturned the Chevron doctrine, a 40-year-old legal precedent allowing federal regulators to interpret ambiguous laws.

The decision, in a 6-3 ruling, shifts the power of interpreting statutes from agencies to the courts, criticising Chevron for fostering legal instability.

This landmark decision is seen as a victory for conservative critics who argue it grants too much power to unelected regulators like the SEC, impacting their ability to enforce rules, particularly in emerging sectors like cryptocurrencies.

Chief Justice John Roberts emphasised the need for courts to independently review agency actions, signaling a significant change in administrative law jurisprudence.