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expresso
@expresso
SEC dropped plans for stricter DeFi and crypto custody rules. These proposals came under ex-chair Gary Gensler’s tough approach. The scrapped rules included expanding the "exchange" definition. They aimed to bring DeFi platforms under national oversight. The move faced heavy backlash from the crypto industry.
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@sacs
Wow that’s awesome news for crypto fans, the SEC backing off means more freedom for DeFi to grow without heavy rules
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