According to Wu's report, as disclosed by crypto journalist Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has officially withdrawn the proposed extended custody rules, Rule 3b-16, and a series of other rules proposed during Gensler's leadership. The custody rules were originally intended to cover all customer assets, including cryptocurrencies, expanding the applicability of the definition of 'custody' and raising debates about whether certain state-chartered institutions should be regarded as qualified custodians. The Rule 3b-16 proposed to bring decentralized finance (DeFi) exchanges/platforms under the regulatory scope of national securities exchanges. Additionally, the SEC has also withdrawn a proposal requiring publicly listed companies to comply with stricter ESG (Environmental, Social, and Governance) disclosure regulations.