US Supreme Court Allows President to Fire SEC and CFTC

US Supreme Court Allows President to Fire SEC and CFTC Commissioners

The US Supreme Court has ruled that the president can dismiss SEC and CFTC commissioners, overturning a long-standing precedent.

Mercation Admin

June 30, 2026 1 min read

US Supreme Court Allows President to Fire SEC and CFTC Commissioners

On June 29, 2026, the US Supreme Court ruled that the president has the discretion to dismiss commissioners of the SEC, CFTC, FTC, and other federal agencies. This decision overturned a 91-year precedent that limited such powers.

According to media reports, the ruling could enhance Donald Trump's influence over the SEC and CFTC amid discussions surrounding the Clarity Act: the Securities and Exchange Commission currently has three Republicans and no Democrats, while the Commodity Futures Trading Commission has only a Republican chair.