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Mark Uyeda, the acting chairman of the U.S. Securities and Exchange Commission (SEC), has indicated plans to revise or potentially withdraw the controversial 2023 crypto custody rule established during the Biden administration. Uyeda has directed SEC staff to reassess various finalized and proposed regulations, including those concerning mutual fund disclosures and the management of crypto assets. He has also emphasized the need for expedited reviews of applications for new exchange-traded funds (ETFs), citing significant delays in the current processing of these requests. This move signals a shift in regulatory focus under Uyeda's leadership, as he aims to streamline processes and adapt to the evolving landscape of digital assets.
Acting SEC Chairman Mark Uyeda has proposed the withdrawal of the controversial 2023 crypto custody rule. https://t.co/uhfVRVw8S2 #Crypto #SEC #Web3 #DeFi #Finance #Regulation
Securities and Exchange Commission acting Chair Mark Uyeda has called for a faster review of applications to launch exchange-traded funds as a share class of mutual funds, highlighting significant delays in processing these requests. https://t.co/GaiIZGLIhP https://t.co/wab71Shw1y
Acting SEC Chair Mark Uyeda said that he has directed staff to reassess a number of finalized and proposed regulations championed by the Biden administration, including those targeting mutual fund disclosures and the handling of crypto assets. https://t.co/OfFxWSEeOq https://t.co/fhj2oUMT0O
