A significant decision of the United States Supreme Court hands the president more power over independent agencies such as the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).
The ruling on Thursday ended a long-standing practice by which presidents could fire commissioners of these independent regulatory agencies only when their terms of office were ending. The decision was made in a 6-3 ruling.
The Court decided that the president may remove commissioners of independent regulatory agencies at will. The previous practice was in place for more than ninety years. The Federal Reserve is still autonomous for the time being, though, because the Court did not apply this rule to it.
Source: supremecourt.gov
This decision comes from Trump vs. Slaughter, a case about President Trump firing two Democratic commissioners from the Federal Trade Commission (FTC) in 2025 without giving a legal reason. The Court
But the Court’s decision could weaken this by letting future presidents remove commissioners from any party.
The Court made a key exception for the Federal Reserve. In a separate decision the same day, it did not let the President remove Federal Reserve Governor Lisa Cook. This shows the central bank has a special status, so monetary policy and banking supervision are still mostly protected from direct presidential control.
For the crypto industry, this ruling brings both chances and risks. If the administration supports crypto, it could set new rules faster with leaders at the SEC and CFTC who agree with its views. But future presidents with different goals could quickly change direction, which might lead to more uncertainty in the long run, even if decisions are made faster.
🚨 BIG WIN just moments ago at the Supreme Court: pic.twitter.com/yNjLRhqZVs
— The White House (@WhiteHouse) June 29, 2026
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