The US Supreme Court overturned the Chefferen doctrine, and the SEC no longer has the power to interpret vague laws.

Golden Finance reported that the Supreme Court of the United States overturned one of its most important precedents, the Chevron principle. The Chevron principle is part of US administrative law, which grants federal agencies the power to interpret laws when they are ambiguous. This ruling has significant implications for the Securities and Exchange Commission (SEC) and other federal agencies, weakening their rulemaking authority in administrative law.