The U.S. Supreme Court overturned the Chevron Doctrine, and the SEC no longer has the right to interpret vague laws

The U.S. Supreme Court has overturned one of its most important precedents - the Chevron principle. The Chevron principle is part of U.S. administrative law and gives federal agencies the power to interpret laws when they are ambiguous. This ruling has a significant impact on the Securities and Exchange Commission (SEC) and other federal agencies' ability to formulate rules, weakening their power in administrative law.