Trump Melania Digital Coins rattled the crypto industry.

I'm David Brancaccio. First, there's the power of the president, and then there is power of the courts. President Trump has used his first days to try to remake government and society. In some cases, the president will have the powers he assumes. In other cases, coming lawsuits will show he does not.

For instance, the ability of federal agencies to carry out administration plans will be

shaped by a Supreme Court decision from last year overturning what's called Chevron deference.

Let's bring in my colleagues, Kimberly Adams, with Sabree Benizure, Sabri.

So Chevron deference was the idea that whenever there is a debate over a regulation, something

unclear about it, a court should give deference to the federal agency involved in interpreting

it. Give the federal agency the benefit of the doubt. Remind us why the Supreme Court rolled

that whole thing back.

So opponents of this idea had been complaining for a long time that federal agencies were overreaching in their rules and regulations and effectively doing the work of Congress.

And in a series of cases, the Supreme Court agreed.

So now when there's a disagreement over some federal agency's policy,

the deference is supposed to go to the court's interpretation of whatever law was being used to

justify the regulation rather than the agency's interpretation. Now, this move was celebrated by

conservatives at the time, but now it is a conservative administration that's in charge of these agencies.

So is this a good thing for the Trump administration?

Potentially. I've talked to several conservative lawyers and economists who see the ruling along

with the administration friendly to regulatory rollbacks as a good combination.

Devin Watkins is an attorney at the Competitive Enterprise Institute.

We're now looking and trying to decide exactly how much power these agencies have to interpret

things, and for interpretations that the agencies have had in the past, how many of those are

actually valid? With the idea that past regulations that may be on shaky ground post-Shevron could get

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