Venerated? Yes. Accepted as halachik authority? That never happened even among ashkenazim, with chasidim having their own poskim (rav vozner, rav chatzkel roth, etc) and litvishe in America having their own (rav dovid feinstein, rav belsky, and dozens more). That aforementioned veneration manifests in their words setting a tone for daas torah, in attitude and hadracha, but not in particular p’sak.
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