SEC pulls back from crypto rules proposed under Gary Gensler administration
The US Securities and Exchange Commission (SEC) is rolling back 14 proposed rules, including key measures that once targeted the crypto industry.
The decision, announced on June 12, illustrates the shift in regulatory priorities as the agency distances itself from the aggressive stance adopted during the previous administration.
The withdrawn proposals were introduced between March 2022 and November 2023 under former SEC Chair Gary Gensler and had drawn sharp opposition from crypto advocates.
SEC rescinded rules
Two of the rescinded rules would have directly impacted how digital assets are managed and traded in the US.
One rule sought to expand the definition of securities exchanges to cover DeFi platforms. The proposal would have brought a…
