The U.S. Securities and Exchange Commission (SEC) has voted to abandon its climate disclosure rule, a move that reflects a shift in regulatory focus under the Trump administration. The decision was announced in a statement by Acting SEC Chair Mark Uyeda, who characterized the previous climate change disclosure rule as 'costly and unnecessarily intrusive.' This action concludes the SEC's involvement in defending the rule, which had faced criticism for overstepping its regulatory authority. Senator Kevin Cramer expressed approval of the SEC's decision, arguing that the agency should focus on regulating Wall Street rather than environmental issues. The SEC's withdrawal marks a significant change in the landscape of corporate environmental reporting requirements.