SEC Withdraws Secret Crypto Rules Introduced Under Former Chair Gensler
SEC drops 14 proposed rules that aimed to tighten up control over crypto and DeFi platforms. New SEC leadership shifts focus to reduce rules in crypto and assist digital self custody. Crypto market sees the move as an indication of softer policy and clearer assistance ahead. The United States Securities and Exchange Commission has officially dropped 14 proposed rules, some of which were aimed at cryptocurrency. The acting SEC Chair Mark Uyeda had previously indicated that the regulator would reevaluate a number of proposals related to crypto. The new SEC Chair, Paul Atkins, has also indicated a more supportive position toward the crypto industry. The withdrawal of these guidelines signifies a possible softening of the SEC’s position on digital assets.
SEC drops 14 proposed rules that aimed to tighten control over crypto and DeFi platforms. New SEC management shifts focus to decrease rules in crypto and assist digital self custody. Crypto industry sees the move as an indication of softer policy and clearer assistance ahead. The United States Securities and Exchange Commission has officially dropped 14 proposed rules, some of which were aimed at cryptocurrency. The reversal applies to proposals submitted by the previous SEC Chair Gary Gensler. The acting SEC Chair Mark Uyeda had previously indicated that the regulator would reassess a number of proposals related to crypto. The new SEC Chair, Paul Atkins, has also indicated a more supportive position towards the crypto industry. The withdrawal of these guidelines signifies a possible softening of the SEC’s position on digital assets.
SEC drops 14 suggested rules that aimed to tighten control over crypto and DeFi platforms. New SEC leadership shifts focus to decrease rules in crypto and support digital self custody. Crypto industry sees the move as an indication of softer regulation and clearer guidance ahead. The United States Securities and Exchange Commission has officially dropped 14 proposed rules, some of which were aimed at cryptocurrency. The acting SEC Chair Mark Uyeda had previously indicated that the regulator would reevaluate a number of proposals related to crypto. The new SEC Chair, Paul Atkins, has also indicated a more supportive position toward the crypto market. The withdrawal of these guidelines signifies a possible softening of the SEC’s position on digital assets.
