The US Securities and Exchange Commission has rescued a slate of policies proposed by the agency under the Biden Administration, along with the two related to the caution and exchange of crypto.
The Sec Says On Thursday it was “removing some notice of the proposed decision” issued between March 2022 and November 2023 under former chairman Gary Gensler.
The agency added that “it does not intend to issue final policies with respect to these proposals,” and new policies have suggested whether it should change its bearing in future regulatory action.
This is the latest regulation of President Donald Trump, who has pledged to sweep the crypto deregulation and traditional market.
“Down Goes 3B16, qualified caregler, and all other unfinished Gensler rules measures,” headed official Paul Grewal’s legal Na -Post To X.
Definition exchange rule is nullified
Among the 14 policies retracted by the SEC Ay Rule 3B-16, which can expand the meaning of “exchange” to include decentralized financial protocols and tight crypto preservation standards for investment advisers.
The amendment identified some terms used in the sense of “exchange” to include “systems that offer the use of non-interest trading interests and communication protocols to combine consumers and sell security.”
The extensive statement may have seen many decentralized financial protocols (DEFI) categorized as security exchanges.
The SEC first published the proposed changes to Rule 3B-16 under the Exchange Act in March 2022.
Then-acting by SEC Chair Mark Uyeda suggested abandonment Changing the rule to expand the meaning of “alternative trading systems” to include crypto companies in March.
The Crypto Care rule is that that -saved
The SEC din killed A policy suggested in March 2023 that would have been supposed to be careful requirements for crypto.
The SEC’s SHE CARE CARE CARE will expand the existing policies of preservation under the Investment Advisers Act of 1940.It is widely applied to apply to all client assets, but specifically significant for crypto because they aim to bring digital assets more clearly under the sec Preservation Requirements.
Investment companies are required to hold all client assets, including crypto, with a “qualified guardian,” which usually means regulated banks or broker sellers.
Most crypto exchanges and purse providers have not achieved the meaning of “qualified carers,” which may force counselors to change service providers or exit the space.
Related: CFTC’s Pham said it would not be given a ‘easy street’ to anyone, including crypto
In March, uyeda asked his staff To view the possible removal of the suggested crypto preservation rule.
🚨 Latest: SEC has officially removed many regulatory measures including expanded precautions, Rule 3B-16 for Defi exchanges, and improved ESG reporting requirements from the Gensler period. pic.twitter.com/v0jo3fkk8h
– Cointelegraph (@cointelegraph) June 13, 2025
The other rules are that -saved
Other rules retrieved by the regulator includes management of risk risk and reporting policies for advisers and investment funds, which have implications for crypto fund managers and digital asset custodians.
A policy for reporting positions for large security-based swaps, which potentially affect creatures with large Crypto derivatives Exposure, are also withdrawn.
The regulator also revoked its proposal to make public companies comply with improved ESG reporting requirements (environment, social, and management).
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