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SEC Withdraws Custody Rule & Other Gensler-Era Proposals; Big Win for Crypto?

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Summary
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73% Informative

US SEC drops key Gensler -era proposals like the Custody Rule and Rule 3b-16 .

The rules would have hindered crypto growth and innovation, say experts.

The move coincides with the SEC ’s latest move in altcoin ETFs.

The regulator announced a delay in the decision on the Grayscale Spot Hedera ETF.

VR Score

62

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53

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61

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formal

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English

Language complexity

63

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short-lived

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