The US Securities and Stock Exchange Commission (SEC) withdrew his objection to the Dealer rule, which he tried to expand, under the direction of Provisional President Mark Uyeda. The court decision in Texas prevented the implementation by stating that the rule was independent of existing laws.
Content of the rule and criticism
The Dealer rule, which SEC aimed to implement, aimed to expand the definition to include high -frequency companies and some crypto asset funds. Some groups in the sector, the rule without the approval of the rule of crypto trade platforms to indirectly arranged the purpose of the purpose of arranging, he said. This supported the allegations that the rule has gone out of the current legal framework.
Court Decision and Developments
The Texas Court decided to cancel the rule on the grounds that SEC has exceeded the authority limits. Following the objection made in the first stage, the SECA withdrew the objection in the last stage and prevented the rule from entering into force. The reflections of the decision on the sector were interpreted as carrying signals of a change in the regulatory strategy.
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Krist We started this case to combat the use of unauthorized force of the institution, Krist Kristin Smith, CEO of Blockchain Association. Today’s final decision prepares the ground for constructive interviews with SEC. ”
It is observed that current development points to a broad evaluation process for regulatory debates in the crypto asset sector. SEC’s end of the old repressive moves under the new administration is an important development. It is also promising about the future of crypto currencies.
Following the decision, both organizations and regulatory institutions in the sector began to focus on negotiations and constructive solutions.
This move of SEC is an important example of reviewing regulatory policies and taking steps in harmony with the sector.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
