SEC Repeals Controversial Crypto Custody Rules, Fuels Market Expansion

The U.S. Securities and Exchange Commission (SEC), under its new leadership, has withdrawn controversial regulations governing crypto custody and DeFi, sparking a surge in market participation. Paul Atkins, SEC Chair, advocates for self-custody of digital assets and emphasizes the shift towards aligning regulatory policies with the growth of digital assets. This change impacts a wide range of stakeholders, encouraging wider adoption and activity across various sectors.