SEC Suddenly Changes Course, Is the Gensler Era Coming to an End?

Don't rub your eyes, it's true! The SEC has suddenly turned around and directly abolished the 'Custody Rule' and 'Rule 3b-16', even throwing out the idea of DeFi acting as a securities exchange. They even withdrew the ESG reporting requirements, making it feel like Gensler's script just turned a page, only to have the whole book ripped apart.

Does this operation resemble a 'market crash to harvest retail investors' in the regulatory world? Is the next step to say 'welcome back' to Bitcoin and Ethereum? The DeFi community: We almost thought we were going to be sidelined, but now it seems we can continue.

Do you think this is a warming in regulation, or a false spring before the storm? Let us know in the comments!