The U.S. Securities and Exchange Commission (SEC) is reconsidering a regulatory proposal to expand oversight of cryptocurrency trading platforms. Acting Chairman Mark Uyeda announced plans to scale back the initiative and halt progress on expanding the definition of trading venues under the SEC's jurisdiction. Uyeda cited public opposition as a reason for the reconsideration and stated that the proposal was poorly specified and could unintentionally impact various crypto-related technologies. The regulatory shift comes as the SEC undergoes leadership changes following recent appointments by President Donald Trump.



Other News from Today