SEC withdraws DeFi regulatory proposal, ending Gensler's era of strict encryption rules.

BlockchainArch · 2025-06-13T11:20:31+00:00

The SEC has withdrawn several proposed rules aimed at implementing stricter regulations on Decentralized Finance and the custody of Crypto Assets. These proposals were initially put forward by former chairman Gary Gensler and were rescinded due to industry criticism.

BlockchainArch

2025-06-13 11:20:31

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[Golden Finance] According to reports, the U.S. Securities and Exchange Commission formally withdrew several proposed rules on Thursday that would impose stricter regulations on Decentralized Finance and Crypto Assets custody. These proposals were put forward under the leadership of former chairman Gary Gensler (, who led the agency’s “enforcement regulatory” approach. The abolished proposals included the proposed amendments to Rule 3b-16 of the Exchange Act published in April 2023. This proposal attempted to expand the definition of an exchange, particularly by including Decentralized Finance platforms under the regulation of national securities exchanges. The proposal received criticism from various parties in the industry.

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