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🚨UPDATE: THE U.S. SENATE WILL HOLD A FINAL VOTE ON THE GENIUS STABLECOIN BILL ON JUNE 17
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US SEC ROLLS BACK BIDEN-ERA CRYPTO RULES : DETAILS… - The U.S. Securities and Exchange Commission scrapped two of its most controversial crypto-related proposals—one on custody and another on defining crypto exchanges. - The agency confirmed Thursday that it will not finalize the rules introduced under Gary Gensler between 2022 and 2023. Among the withdrawn proposals: - Rule 3b-16, which sought to redefine “exchanges” to include DeFi platforms. - Crypto custody requirements, which would have forced firms to use regulated banks or broker-dealers. - This sweeping rollback fits into a broader Trump administration agenda: deregulate markets, including crypto. - The canceled custody rule would’ve mandated that investment advisers hold digital assets only with “qualified custodians,” a category most crypto firms didn’t qualify for. That would’ve forced exits or major restructures across the space. Also rescinded: - Cybersecurity reporting rules for crypto funds - Reporting for large security-based swaps - Enhanced compliance for crypto fund managers - New SEC Chair Paul Atkins, appointed by President Trump in April 2025, is expected to continue loosening restrictions. - Earlier, Acting Chair Mark Uyeda had already launched a Crypto Task Force, headed by Hester Peirce, aimed at designing a friendlier regulatory framework.
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🚨SINGAPORE’S TRIDENT IS GOING ALL-IN ON $XRP. A $500M treasury, staking plans, and deep Ripple ecosystem ties! Catch up on what’s happening 👇 https://bsc.news/post/singapore-trident-digital-tech-plans-500-m-xrp-treasury
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🚨JUST IN: THE US SEC ROLLED BACK KEY BIDEN-ERA PROPOSALS, INCLUDING RULES ON CRYPTO CUSTODY AND EXCHANGES
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🚨JUST IN: KUCOIN LAUNCHES REGULATED CRYPTO EXCHANGE IN THAILAND
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