SEC Drops Rule Targeting Crypto Exchanges, Shifts Approach | Airdrop Alert Pro

The SEC is stepping back from a proposal that could expand control over the cryptocurrency exchange platform.

Acting Chairman Mark Uyeda is urging the withdrawal of the rule, which was introduced under former chairman Gary Gensler. The rule will require more trading venues, including trading venues that handle digital assets in order to register with the institution.

SEC will not regulate crypto exchanges

this proposal Attempts to redefine what qualifying exchanges are by including certain “communication protocols”. This broad approach will affect multiple digital asset businesses.

Uyeda SEC supervision.

This rule has been under consideration for years, and Gary Gensler may be in FavoImplement it.

Needless to say, if it is implemented, it will greatly damage it for the major exchanges. However, UYEDA is now instructing staff at the agency to stop pursuing it.

This reversal reflects a larger shift in the SEC’s position on cryptocurrencies under the new leadership appointed by President Donald Trump. exist Gensler’s tenure Now revisiting or retreating.

at the same time, SEC has abandoned multiple law enforcement cases for crypto companies. At least six cases have been dismissed in the past week, including against Kraken, Coinbase, Robinhood and metamask.

This marks a significant change in the SEC’s approach to crypto-regulation.

At the same time, the agency’s Crypto Task Forceled by Commissioner Hester Peirce, focuses on industry participation. this Task Forces include experts Like Richard Gabbert, Michael Selig, Taylor Asher and Sumeera Younis.

They will start hosting a roundtable “Spring Sprint to Encrypt Clear Transparency” on March 21 to discuss compliance challenges and digital asset policies.

and SEC shifts its regulatory prioritiesthe cryptocurrency industry is closely watching to see how these changes will affect businesses operating in the field.