๐จ SEC Drops Major Biden-Era Crypto Rules! ๐บ๐ธ๐ฅ
Big win for the crypto world! ๐ The U.S. SEC has officially withdrawn several proposed regulations from the Biden era โ and it's a major shift! ๐
๐ Rule 3b-16, which would have labeled DeFi protocols as โexchanges,โ is now canceled! This rule could have brought many DeFi platforms under tight control. โ
๐ Crypto Custody Rule is gone too! It required all crypto assets to be held by โqualified custodiansโ like banks. Most exchanges didnโt meet that โ so this is huge for crypto freedom. ๐๐
๐ง These repeals show the Trump-era push for deregulation and more innovation space for digital assets. ๐ช๐ก
๐ Other withdrawn rules include cybersecurity and ESG reporting โ great news for crypto funds and custodians! ๐๐
โ ๏ธ Disclaimer: This is for educational purposes only. Always Do Your Own Research (DYOR) before making any investment decisions! ๐ง ๐
