- Dry officially removes the DEFI exchange proposed by Gary Gensler
- Controversial rule of cryptography guard officially deleted by dry
- New dry leadership adopts a more friendly position on digital assets
The American Securities and Exchange (SEC) commission has officially abandoned several rules that have been proposed by former president Gary Gensler. These proposals include definitions of exchanges and strict duty rules on the activities related to the crypto. This decision comes after broader regulatory changes in the context of new leadership and industry discussions.
Sec cancels the proposals for DEFI and guard rules
The agency has withdrawn changes to the rules of the exchange of rule 3B-16, which proposed the inclusion of decentralized financing platforms under the national rules for the values. Blockchain policy experts and market players criticized the proposal published in April 2023. The new position of the SEC is a change in its approach to new digital asset technologies.
In addition, the SEC has withdrawn an proposed amendment in terms of a guard rule which would have affected the advisers in placement of cryptographic assets. The regulations would have forced the guards to comply with the new standards, which raised concerns in financial institutions. Opponents warned that the rule could decrease cryptography childcare services in a forced banking environment.
The SEC has also abandoned other proposals such as cybersecurity risk management and ESG compliance requirements to investment and funds. These rules proposed in the mandate of peopleler have been criticized as an excessive and unclear excess in practical implementation. Their referral corresponds to the change of the agency in Pro-Crypto policies.
Gensler, the former president of the SEC, directed the agency between 2021 and January 2025 and used the application of cryptography as a regulatory method. This approach has led to a lack of legal clarity in decentralized platforms and digital asset guards.
Regulatory change under new dry leadership
The commission led by President Paul Atkins, has reassessed its cryptographic approach since January 2025. Its administration has highlighted clear instructions and consultations rather than on application -based policy. In addition, Atkins has expressed user management in order to maintain custody of their digital assets.
In March 2025, the acting president Mark Uyeda asked the SEC staff to reconsider the proposed guard rule in the midst of an increasing opposition. The action indicated the increased preparation of the agency to re -examine the aggressive approach to the previous administration. Thursday’s official withdrawal ends this correction of course.
Recent policies are part of a change in the environment of American cryptography since the election of President Donald Trump. Trump administration has advanced a more positive approach to blockchain and digital finance. Regulatory organizations have also adjusted their strategies to promote responsible adoption.
Dry returns and verdict on the proposals andf
SEC also pushed the exam dates on several ETF Crypto applications, such as Dogecoin and Hedera products. On June 11, he launched the Bitwise Dogecoin ETF and asked for public comments. On June 12, he extended the Revue de Hedera Trust de Graycale.
On June 10, SEC also announced a delay in the HBAR ETF application of Canary Capital to improve the regulatory examination. ETF applications are still formal without date of specific approval.
