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Trump Administration Reverses Key SEC Crypto Rules on DeFi and Digital Custody
The U.S. securities regulator, SEC, has withdrawn several high-profile regulations planned under the Biden Administration, two of which were aimed at digital asset exchanges and custody. This action represents a significant regulatory change as President Trump's administration engages in the widespread deregulation of markets. SEC confirmed on Thursday that it has withdrawn more than a dozen rule proposals from March 2022 to November 2023. Among the most notable is the reversal of Rule 3b-16, which aimed to expand the definition of an “exchange” to include decentralized finance (DeFi) protocols. This proposal ... (full story)
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