SEC Rescinds 14 Rules: DeFi & Crypto Impact
the SEC just reversed course,withdrawing 14 proposed crypto rules from the Biden management,a pivotal move impacting the crypto role in digital assets. Specifically,two crucial regulations concerning DeFi and digital asset custody have been rescinded,signaling a notable shift in the regulatory landscape. This decision prompts a reevaluation of oversight within the burgeoning DeFi sector. News Directory 3 breaks down why the SEC is recalibrating its approach.The SEC’s future actions will likely be driven by continued market developments. Discover what’s next for digital assets as regulations evolve.
SEC Withdraws Crypto Rules Proposed During Biden Administration
Updated June 15, 2025
The Securities and Exchange Commission (SEC) has rescinded 14 rules that were initially proposed during President Joe Biden’s administration. The move includes the withdrawal of two specific rules concerning decentralized finance (DeFi) and the custody of digital assets. The decision marks a shift in the regulatory landscape for the crypto role of digital assets.
the withdrawn rules had aimed to provide greater oversight of the burgeoning DeFi sector and establish clearer guidelines for entities holding digital asset custody. Though, the SEC’s decision signals a potential recalibration of its approach to regulating these areas.
What’s next
The SEC is expected to continue evaluating the regulatory framework for digital assets and may propose alternative rules in the future. the agency’s approach will likely be influenced by ongoing developments in the crypto market and evolving legal interpretations.