SEC Withdraws Crypto Regulations, Signaling Regulatory Shift for US Crypto Industry

The U.S. Securities and Exchange Commission (SEC) has withdrawn several crypto regulations proposed during Gary Gensler’s tenure, signaling a shift towards more favorable policies for the cryptocurrency industry. This move, led by new Chair Paul Atkins, follows a clear change in approach towards innovation-centric regulation. With the withdrawal of stricter custody requirements and expanded exchange definitions, companies operating within the U.S. crypto market are now experiencing decreased compliance burdens.