The 6-3 ruling broadens White House control over some independent federal regulators while excluding the Federal Reserve, a carveout that could heighten policy and enforcement volatility in sectors including crypto.
The US Supreme Court ruled 6-3 to expand President Trump's authority to remove leaders of certain independent federal agencies, overturning a 91-year precedent that had limited a president's ability to dismiss those officials. The decision allows the president to fire some agency heads for almost any reason, or "for whatever reason, or for no reason at all," while excluding the Federal Reserve. The ruling broadens White House control over independent regulators and could increase regulatory volatility as agency leadership becomes more politically influenced, with potential implications for sectors such as crypto that are sensitive to shifts in oversight and enforcement.