SEC believes that the discharge of the controversial rule that affects the crypt of the firm

The controversial rule that has expanded the exchange definition for the inclusion of cryptian companies can be abandoned as US securities and the acting of the Chairman of the Mark UIed’s exchange commission for reconsideration.

The regulations in question was 2020, originally designed to specify the supervising system of alternative trade systems, but was later expanded in the former DC chair Gari Glensler to cover the CRIPTO platforms.

Speech At the Institute of International Banking Conferences on Washington 10. Marta, Uyeda said that the expansion of the rules were a mistake and sought SEK staff to explore the delay of crypts.

UIeda explained that the rule initially improves transparency and supervision of state securities, but SEC under Gensler took in a “very different direction”.

He has shown a vague formulation in 2022 article, which included “communication protocols” without clearly defining the term. It was, claimed, he could inadvertently undergo a wide range of platforms associated with crypts for regulations.

The revised rule, introduced under Gensler, could compel some crypto platforms to register as exchanges, even if they primarily managed as a communication protocol or decentralized network

Uyeda said it was a “mistake” to decide the decisions on the treasury market on what he described as a “difficult attempt to insert the crypto market.”

Further, public feedback on the extended exchange definition was negative negative, according to the participation. As such, the SEC staff directed to consider options for giving up on this part of the proposal while the original goal of regulating state securities was re-examined.

The Comments of Uyeda come as an agency has fallen several cases of execution against cryptian firms, including Gemini and Kraken and launched New working group Focused on the development of clearer digital property regulations.

The Agency seems to be reviewed by several policies that have previously put crypto in his crosswords, overturned measurements backed during Gensler’s mandate. Under his leadership, SEC took over aggressive accession, he was launched 100 cases of execution against the crypto firm.

As before export From Cripto.News, SEC also deviated in its broker-dealer case. 20. February, the Agency has withdrawn the rule of Texass Court, which tried to classify certain deficit platforms, liquidity providers and market makers, submitted by registration requirements.