Vivek Ramaswamy: The U.S. government's regulatory spending will face significant cuts

ChainCatcher News, one of the heads of the U.S. Department of Efficiency (DOGE), Vivek Ramaswamy, stated on X that federal regulatory spending will face "significant" cuts, with two key judicial developments laying the groundwork for weakening federal regulatory power.

He pointed out that the Supreme Court rejected the "Chevron Deference Doctrine" (which allows federal agencies to interpret ambiguous regulations) and the "Major Questions Doctrine" (which requires agencies to act only when there is clear legal authority), which is considered transformative, "This paves the way for a significant reduction in the scope of federal regulation. That day is coming."

The court's rulings were finalized in 2024 and 2022, respectively, limiting the ability of federal agencies to interpret regulations. Analysts indicate that these changes are expected to impact numerous industries, including the cryptocurrency sector.