The 5th Circuit just dismantled the SEC's power to enforce securities law. This decision is beyond radical. It is nihilistic. https://t.co/6X46t2f4vY
— Mark Joseph Stern (@mjs_DC) May 18, 2022
This appears pretty monumental. Has anyone read the ruling? Based upon the above this effectively means that all federal government agencies that have been creating laws and regulations have been doing it unconstitutionally. This was always true obviously but the 5th Circuit apparently just ruled on it and sided against the SEC.
What are the implications of this? Could it be spread to the EPA and other federal agencies?
Edit - 5th circuit not Supreme Court