The US Supreme Court has determined that the president possesses the authority to remove commissioners from the SEC, CFTC, FTC, and other federal agencies. This landmark ruling, issued on June 29, 2026, overturns a 91-year-old precedent that restricted such powers.
This decision may bolster Donald Trump's control over the SEC and CFTC, particularly in light of ongoing discussions about the Clarity Act. Currently, the Securities and Exchange Commission is composed of three Republicans and no Democrats, while the Commodity Futures Trading Commission is led solely by a Republican chair.
