Supreme Court Rules Presidents Can Fire SEC and CFTC Commissioners at Will

The Supreme Court ruled 6-3 that presidents can fire commissioners at the SEC, the CFTC, and other agencies at will. According to NS3.AI, the decision affirmed U.S. President Donald Trump's right to fire Rebecca Slaughter and excluded Federal Reserve governors from the ruling. The ruling could complicate negotiations over the Clarity Act. Senate Democrats want bipartisan oversight at the SEC and CFTC, and the court’s decision may affect those discussions.