CoinDesk reported:
“As the doctrine’s name suggests and the Supreme Court has, in case after case, emphasized, the Major Questions Doctrine is intended to apply only in extraordinary circumstances involving industries of ‘vast economic and political significance,'” he wrote. “This question, moreover, of whether an industry subject to regulation is of ‘vast economic and political significance’ should not be resolved in a vacuum. Rather, an industry can be considered to have ‘vast economic and political significance’ only if it resembles, in these two qualities, the industries that the Supreme Court has previously said meet this definition.”