The Supreme Court on Friday said it would take up a business-backed appeal that could make it easier to challenge federal regulations, acting in a dispute related to California's nation-leading standards for vehicle emissions.

Ohio and 16 other Republican-dominated states have sued, asserting that a waiver granted to California to set its own rules violates the basic design of the U.S. Constitution, which they assert should treat states as equals.

The Supreme Court agreed Monday to examine California’s authority to set strict vehicle emissions standards, potentially affecting nationwide environmental policy and automotive industry practices. The case focuses specifically on whether fuel companies and other business interests have legal standing to challenge California’s regulations,

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry.