The Supreme Court's 6-3 ruling in Trump v. Slaughter lets the president fire FTC commissioners at will, threatening SEC and CFTC independence over crypto.

The Supreme Court overturned a 90-year-old decision that allowed Congress to shield members of certain independent agencies from being fired by the president at will.

The Supreme Court allows President Trump to remove a Democratic member of the Federal Trade Commission for policy reasons, rolling back 90 years of precedent.