Bankless Chevron Deference: 40-Year Decision Reversed & Explained | Justin Slaughter
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Jul 3, 2024 
In this engaging discussion, Justin Slaughter, Policy Director at Paradigm and former SEC and CFTC advisor, dives into the implications of the Chevron Deference case for the cryptocurrency world. He explores the potential benefits and drawbacks of the Supreme Court's decision, addressing fears of unchecked corporate power versus the need for clear regulatory frameworks. Slaughter also contrasts perspectives from both sides of the political spectrum, offering insights into how this shift in governance might affect the future of crypto regulation and the balance of power in Washington.
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New Deal and Administrative State Growth
- The US administrative state grew significantly during the New Deal era to manage the complexities of a modern economy.
- This growth created a need for defined processes and guidelines.
Robert Moses and Unchecked Power
- Robert Moses, wielding immense administrative power, planned a bridge opposed by the public.
- Only FDR's direct intervention stopped it, highlighting the potential for unchecked power.
APA's Role and Purpose
- The Administrative Procedure Act (APA) requires agencies to follow notice-and-comment rulemaking and avoid arbitrary decisions.
- It aims to provide structure and protect against unchecked regulatory power.