Supreme Court Chevron Decision Limits Federal Agency Power: In a 6-3 decision, The Hill reports, the Supreme Court took a sledgehammer to executive agencies’ power by overruling the Chevron precedent that bolstered their ability to implement regulations in wide areas of American life, including consumer and

financial protections.

IRS Rulemaking Could Be Impacted by Chevron Decision: Bloomberg Tax reports that the Internal Revenue Service will likely face more pressure to develop tax regulations that are more firmly grounded in the law and tailored to ensure certainty for individuals and businesses after the Supreme Court's landmark

Chevron decision.

Chevron Case Could Upend FTC’s Non-Compete Rule: The Wall Street Journal reports that the Supreme Court’s Chevron decision could stop the Federal Trade

Commission’s non-compete rule from going into effect.

Lawmakers Have Tougher Job Because of Chevron Decision: Roll Call reports that last week’s Supreme Court Chevron decision left an uncertain and more difficult path for Congress to shape how the federal government carries out laws on

major issues, lawmakers and legal experts said.

Chevron Decision Likely Will Change Role of Judges: Pensions & Investments reports that the Supreme Court’s Chevron decision is expected to open the litigation

floodgates and change the role of judges.

Court’s In-House Enforcement Ruling Could Impact U.S. Department of Labor, Others: Politico reports that the Supreme Court’s rebuke of the Securities and Exchange Commission’s in-house enforcement could impact other federal agencies, creating uncertainty about the limits on agencies’ power to punish

offenders.

Financial Trade Groups Join Lawsuit Against DOL Fiduciary Rule: ThinkAdvisor reports that several financial trade groups last week joined nine insurance industry trade groups against the Labor Department’s new fiduciary rule, asking the U.S. District Court for the Northern District of Texas court to vacate the

rule.

FINRA Cases Plummet Last Year: Financial Advisor reports that the Financial Industry Regulatory Authority’s enforcement actions last year slid to the lowest level in its history. Total fines picked up last year but are down by about half since a peak

in 2016. Meanwhile, FINRA’s headcount and budget have expanded.

Supreme Court Extends Regulation Challenge Time Frame: Pensions & Investments reports that the Supreme Court Monday took away another piece of regulatory agency influence, reversing lower-court rulings that supported a six-year

limit to challenge a regulation.

IRS Digital Asset Reporting Rules Finalized: Cointelegraph reports that the IRS last week revealed its final draft of its new crypto broker reporting requirements and clarified the scope of industry participants affected by the new rule

changes.

DOL Defends Fiduciary Rule in Congress: Pensions & Investments reports that Lisa Gomez, the DOL’s assistant secretary for employee benefits security, defended the department’s new fiduciary investment advice rule to Republican lawmakers at

a House hearing last week.

Congress Gets SEC Fraud Warning: InvestmentNews reports that the SEC’s Office of the Investor Advocate has delivered its objectives report for fiscal year

2025 to Congress, with a stark warning about investment fraud.