SEC Rolls Back Gensler-Era DeFi & Custody Proposals
On June 13, BlockBeats reported (via The Block) that the SEC has officially withdrawn several controversial proposals introduced during Gary Gensler’s tenure, which aimed to tighten control over DeFi and crypto custody.
Among the repealed rules was the proposed amendment to Rule 3b-16, designed to expand the definition of an exchange and bring DeFi platforms under SEC oversight. First introduced in April 2023, the proposal sparked widespread criticism for its "regulation by enforcement" approach.
This rollback signals a potential shift in crypto regulatory tone in the U.S. — lighter touch or just temporary relief? 🧐
