In a stunning and highly anticipated decision, the U.S. Supreme Court delivered an 8‑1 ruling that reinstates a key federal anti‑money laundering law—an outcome hailed by proponents of fiscal reform and government efficiency alike.

The ruling comes amid a contentious legal battle over the Corporate Transparency Act (CTA), a law that mandates millions of small business entities disclose detailed personal information about their owners. With Justice Ketanji Brown Jackson as the lone dissenter, this decision not only reaffirms federal efforts to combat financial crimes but also sets a precedent for how disputes over federal versus state authority are resolved.

Critics of the Corporate Transparency Act argue that it places an unnecessary burden on small businesses, subjecting them to invasive regulations that could potentially compromise privacy. They contend that while combating financial crimes is crucial, the federal government’s approach should not come at the cost of overreach into private enterprise. Despite these concerns, supporters of the ruling emphasize its importance in closing loopholes that have allowed money launderers, tax evaders, and corrupt entities to exploit anonymous shell companies. The Supreme Court’s decision ultimately reinforces the federal government’s role in maintaining transparency within the financial system.