🚨 LATEST: SEC WITHDRAWS Key Regulatory Proposals! 🧨
📉 The U.S. Securities and Exchange Commission (SEC) has just officially withdrawn several of the most controversial proposals pushed through during the Gensler era.
Which regulations were eliminated?
❌ Expanded Custody Rule
❌ Rule 3b-16, which sought to redefine DeFi exchanges as securities.
❌ Enhanced ESG Reporting Requirements for funds and financial advisors.
🔎 What does this mean?
✅ Less regulatory pressure on the crypto and DeFi ecosystem.
✅ Greater clarity and legal certainty for developers and platforms.
✅ A sign that the SEC is backing away from its more aggressive stance against cryptocurrencies.
💥 The market sees this as a bullish sign, and it could positively influence the price of Bitcoin, Ethereum, and DeFi tokens like $UNI, $AAVE, $LINK, and others.
