Acting Chairman Mark Uyeda of the U.S. Securities and Exchange Commission (SEC) is looking to reverse a regulation proposal that sought to expand the agency's jurisdiction over the crypto space. The proposal aimed to require digital assets businesses to register as trading venues, but Uyeda believes it was a mistake to link regulation of the Treasury markets with the crypto market. He has asked SEC staff for options on abandoning that part of the proposal due to negative public feedback on the definition of exchange with respect to crypto. The rule proposal was made under former chair Gary Gensler, who focused on crypto regulation.



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