The US Supreme Court expands the President's personnel power over financial regulatory agencies, which may affect the progress of SEC and CFTC cryptocurrency regulation According to The Block, the US Supreme Court ruled 6-3 in favor of Trump's power to replace the leaders of multiple independent federal agencies, including the FTC (excluding the Federal Reserve), and strengthen the president's control over personnel in regulatory agencies. The ruling comes as the SEC and CFTC are pushing for a new round of cryptocurrency regulatory rules, including rule revisions, exemptions, and division of responsibilities for digital assets. At present, the SEC is led by three Republican commissioners, while the CFTC has only one chairman, Michael Selig. Former CFTC officials and industry insiders have pointed out that a reduction in the number of commissioners may weaken the internal game and stability of rules within the institution, and may also make rules dominated by a single commissioner easier to rewrite or abolish in future governments, but as long as they comply with their respective authorization laws and the Administrative Procedure Law, the relevant rules still have "legal effect".