SEC axes Biden-era proposed crypto rules in flurry of repeals

SEC axes Biden-era proposed crypto rules in flurry of repeals

The SEC has withdrawn over a dozen rules the agency proposed under Joe Biden, including two crypto-related rules targeting DeFi and digital asset custody. ...

Crypto Win: SEC Drops Gensler-Era DeFi And Custody Rule Proposals

SEC formally withdraws DeFi exchange proposed under Gary Gensler Controversial crypto custody rule officially removed by SEC New SEC leadership adopts a friendlier stance on digital assets The U.S Securities and Exchange Commission(SEC) has officially dropped several rules that were proposed under former Chair Gary Gensler. These proposals include definitions of exchanges and strict custody rules on crypto-related activities. The move comes afte…

Gensler-Era Proposals Scrapped—Bullish Signal for U.S. Crypto Scene? - Crypto News Flash

The U.S. Securities and Exchange Commission has recently scrapped several stringent crypto-related rules introduced during former Chair Gary Gensler’s tenure. This reflects a new tone within the SEC, under Paul Atkins, that embraces sensible rules and collaborative regulation. Paul S. Atkins is leading the U.S. Securities and Exchange Commission (SEC), having stepped into the role on April 21 after being nominated by President Trump and confirme…

SEC Scraps Custody Rule and More in Major Win for Crypto Sector

SEC scraps Custody Rule and Rule 3b-16, easing regulatory pressure on crypto firms. Canceled proposals signal a shift from Gensler’s enforcement-heavy approach. The crypto industry sees rollback as a major step toward clearer compliance standards. The United States Securities and Exchange Commission has officially withdrawn several regulatory proposals introduced under Gary Gensler’s leadership. Among the rescinded rules are the controversial Cu…

Gensler-Era Crypto Rules Scrapped—Will Blockchain Industry See a New Era of Regulation? News ETHNews

SEC revokes proposed Rule 3b-16 expansion targeting DeFi protocols, easing registration burden and clarifying exchange classification onchain platforms. Custody proposal forcing advisers to use only qualified custodians has been withdrawn, restoring access to crypto asset safekeeping. The U.S. Securities and Exchange Commission has withdrawn several draft rules aimed at decentralized finance platforms and crypto custody requirements, marking a s…

Crypto Leaders Respond To SEC's Surprise Withdrawal

The U.S. Securities and Exchange Commission (SEC) has made a significant and surprising decision to publicly drop some crypto-related rule recommendations that were made when Gary Gensler was Chair. The news has sparked a range of heated reactions in the cryptocurrency world. Many people see it as a step towards a regulatory climate that is more open to new ideas and creativity. SEC Reverses Course on DeFi, Custody, and Exchange Proposals The SE…