Supreme Court Allows Trump to Remove SEC and CFTC Commissioners
The U.S. Supreme Court has expanded President Donald Trump’s authority to dismiss commissioners at key independent regulatory agencies, including the Securities and Exchange Commission and the Commodity Futures Trading Commission. The decision stems from a 6-3 ruling in a separate case involving the Federal Trade Commission, where the high court overturned a 1935 legal precedent that had protected executive agency leaders from being fired at the president’s discretion.
The ruling marks a significant shift in federal regulatory independence, potentially reshaping oversight of U.S. securities markets and digital assets. It contrasts with a narrow 5-4 decision issued alongside the FTC ruling, which allowed Federal Reserve Governor Lisa Cook to remain in her position while challenging her termination, highlighting the justices' split on which financial watchdogs must be insulated from political interference.
From the sources (25 posts)
@deitaoneU.S. SUPREME COURT DECLINES TO LET TRUMP REMOVE FEDERAL RESERVE GOVERNOR LISA COOK
@financialjuiceUS Supreme Court declines to let Trump remove Federal Reserve Governor Lisa Cook
@breannamorello🚨SCOTUS RULING🚨 The Supreme Court has DENIED President Trump’s request to immediately fire Lisa Cook, a member of the Federal Reserve Board of Governors. Cook was entitled to basic due process (notice of the charges + a chance to respond
@meidastouchJUST IN: The U.S. Supreme Court has declined to let Trump remove Federal Reserve Governor Lisa Cook
@zerohedgeSupreme Court Blocks Trump Firing Of Fed Governor Lisa Cook
@nypostSupreme Court blocks Trump bid to fire Fed governor Lisa Cook
@scotus_wire🚨 In a 5-4 vote, the Supreme Court refused to let President Trump remove Federal Reserve Governor Lisa Cook while litigation continues, holding that the Federal Reserve's longstanding independence from presidential control is rooted in the
@faytuksnetworkSCOTUS rejects the Trump administration’s emergency bid to halt an injunction blocking the firing of Fed Gov Lisa Cook. Chief Justice Roberts warns the government's sweeping interpretation would strip the Fed's "for cause" protections and t
@wsjBreaking: Federal Reserve governor Lisa Cook can remain in office while she continues to challenge President Trump’s attempt to fire her, the Supreme Court ruled
@polltracker2024Breaking news: US Supreme Court rejects President Trump’s effort to fire Federal Reserve member Lisa Cook 5-4 decision Link to ruling:
@businessThe US Supreme Court refused to let President Donald Trump immediately fire Federal Reserve Governor Lisa Cook in a case that tested the central bank’s independence from the White House.
@ericldaugh🚨 JUST IN: SUPREME COURT BLOCKS PRESIDENT TRUMP from firing Democrat Fed Governor Lisa Cook while the lawsuit continues, 5-4 She’s a fraudster and needs to go!
@nicksortor🚨 BREAKING: President Trump has been BLOCKED from removing liberal Lisa Cook from the Federal Reserve Board, despite allegations of obvious mortgage fraud If the Federal Reserve isn't a part of the Executive Branch, which branch is it part
@ftBreaking news: The US Supreme Court has blocked Donald Trump from sacking Federal Reserve governor Lisa Cook, in a powerful rebuke of the president’s attacks on the world’s most important central bank.
@polymarketBREAKING: Supreme Court rules Trump cannot fire Fed’s Lisa Cook.
@seanmdavRT @greg_price11: FYI: The Supreme Court did not rule in Trump v. Cook that President Trump has no authority to fire Lisa Cook for mortgage…
@axiosNEW: SCOTUS says Trump can't fire Fed governor Lisa Cook — a blockbuster ruling that limits the president's influence on the central bank.
@moreperfectusBREAKING: The Supreme Court rules that Trump cannot fire Federal Reserve member Lisa Cook.
@justthenewsBREAKING: SCOTUS has ruled that Trump can not fire Federal Reserve Governor Lisa Cook, but other independent board members may be removed.
@osint613In a 5-4 ruling, the Supreme Court blocked President Trump from firing Federal Reserve Governor Lisa Cook while litigation continues.
@jimsciuttoBreaking: The Supreme Court on Monday rejected President Donald Trump’s attempt to immediately fire Federal Reserve Governor Lisa Cook but in a separate ruling expanded the president’s power to fire officials, overturning a nearly century-o
@cnbcSupreme Court rules Trump cannot fire Fed Governor Lisa Cook for now
@byheatherlongBig news: The Supreme Court prevents President Trump from firing Fed Governor Lisa Cook. This is a win for Fed independence. The vote was 5 to 4. "The Founders knew from experience the calamities that could arise from even the 'suspicion
@annmarieRT @business: The US Supreme Court refused to let President Donald Trump immediately fire Federal Reserve Governor Lisa Cook in a case that…
@byheatherlongRT @NickTimiraos: Accepting the government's position "would allow the President to remove a member of the Federal Reserve at any time, for…