The Securities and Exchange Commission will assess how a regulatory proposal expanding the definition of an exchange can be modified to exclude entities that facilitate crypto transactions, Acting SEC Chair Mark Uyeda said on Monday.
When the agency first moved in 2020 to establish clearer rules for alternative trading systems, the guidance was intended to mainly impact U.S. Treasury market participants, Uyeda said at an event in Washington, D.C., hosted by the Institute of International Bankers.
Under the leadership of former SEC Chair Gary Gensler, however, Uyeda said that a “vastly expanded definition of an ‘exchange’ would have picked up various protocols used with respect to crypto assets,” requiring them to register with the…
Apr 18 2025
