#CardanoDebate 🇺🇸 SEC cancels strict crypto regulations from the Biden era

🔥 Two key rules — 3b-16 (on DeFi) and the Crypto Custody Rule — have been officially withdrawn. This is part of a large-scale deregulation by the Trump team.

📌 What has been removed:

— Mandatory regulation of DeFi protocols as exchanges

— Ban on storing crypto outside of banks and licensed brokers

— Requirements on cyber risks and derivative reporting

— ESG declarations for public companies

💬 Coinbase: “Down with 3b16 and qualified custodians” — now the SEC has retreated.

📈 Conclusion: pressure on DeFi and custodial wallets has been lifted. This frees up the industry — and opens the gates for new growth.