A June 29 Supreme Court decision affirmed that President Trump could remove FTC Commissioner Rebecca Slaughter, striking down statutory protections that had allowed certain independent agency commissioners to be dismissed only for cause. The ruling overturns Humphrey's Executor, the 1935 precedent that shielded regulators at agencies like the SEC and CFTC from at-will removal. By weakening these protections, the decision raises questions about the political independence of financial regulators tasked with shaping US crypto policy. Both the SEC and CFTC have been developing frameworks for digital assets, and greater executive control over commissioner appointments and removals could make their agendas more susceptible to shifting political priorities. Observers warn the change may inject uncertainty into ongoing rulemaking and enforcement efforts, potentially reshaping how the two agencies approach oversight of the cryptocurrency industry going forward.
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