What? SEC can't regulate crypto anymore?

Yeah bro, the Supreme Court overruled a previous decision on the Chevron doctrine.
What this means in plain english, is:

BEFORE when the law was vague or unclear, the individual agencies would set policy based on their expertise.  So when Congress had not made the law clear, the courts would look to the agencies for guidance.  This was called the "Chevron doctrine" off an earlier case in 1984 (Chevron v. NRDC).

But NOW, the Supreme Court overruled that and agencies must seek the court's guidance when the law is not clear.  In other words, the SEC doing whatever they want with crypto is coming to end, as they no longer have power and authority unless the court grants it.

We could also word this as, the government is so hungry for power, that the only way to stop the madness coming from these unelected agencies, is for the Supreme Court to seize it's own power back.

To summarize the words of a professional educated expert and legal scholar, that I consulted on matters of the highest level of dignity, we could word this:

"Gensler, you lost you dumb assclown"