A US Supreme Court case has caught the interest of the crypto community, especially the XRP community, as it could significantly impact Ripple’s ongoing legal battle against the US Securities and Exchange Commission (SEC). The US Supreme Court is set to decide on whether or not to overrule the Chevron Deference Doctrine in the ongoing case of Loper Bright Enterprises v. Raimondo.
How The Chevron Deference Doctrine Affects Ripple’s Case
The doctrine provides that courts, in the case of ambiguity, could adopt a federal agency’s interpretation of a statute as far as it sounds plausible. This doctrine was formulated in 1984 in the case of Chevron U.S.A. v. Natural Resources Defense Council when the court reasoned that these agencies, as experts, were in a better position than the court to demystify these statutes delegated to them by Congress.
As such, it is understandable why the Supreme Court’s ruling in the present Loper case is of interest to the XRP community, as the decision
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