SEC Chair Paul Atkins exorcises Gensler with sweeping crypto rule rollbacks – DL News
- The SEC withdrew more than a dozen Gensler-era crypto rule proposals.
- Critics argued they threatened devs, DeFi, and even crypto chat groups.
- The qualified custody rule risked cutting off institutional access to crypto.
Paul Atkins, the chair of the US Securities and Exchange Commission, is keeping his promise to exorcise the spirit of Gary Gensler from the Securities and Exchange Commission.
The new SEC chair just cast out the last of his predecessor’s lingering crypto proposals.
In one fell swoop on Thursday, the SEC withdrew more than a dozen unfinished rulemakings.
They included a controversial bid to redefine decentralised finance protocols as securities exchanges, impose stricter crypto custody standards, and overhaul how brokers…
