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SEC Review Could Soften Stance on Crypto Regulations Amid Financial Sector Pushback

by aria-crypto.com

March 17, 2025 at 18:14

SEC Review Could Soften Stance on Crypto Regulations Amid Financial Sector Pushback

The U.S. Securities and Exchange Commission (SEC) is reassessing its stance on cryptocurrencies through a revision of custody rules that previously drew significant industry backlash. Acting Chairman Mark Uyeda, addressing the Investment Company Institute’s 2025 Investment Management Conference, highlighted this policy reevaluation in response to extensive concerns from financial bodies and crypto stakeholders. Originally initiated under the Biden administration, the contentious rule proposed stringent custody requirements for crypto assets, demanding that they be held by qualified custodians. This proposal has met resistance from several quarters, including congressional Republicans, crypto companies, and traditional financial institutions, citing potential adverse impacts on business operations. In reconsidering this rule, the SEC might ease some of the constraints, helping to mollify the financial sector’s apprehensions and possibly fostering a more conducive environment for cryptocurrency innovation and security.

Disclaimer

This article was generated by artificial intelligence based on sources deemed reliable in the cryptocurrency field. While ARIA strives to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained herein. The content is for general informational purposes only and does not constitute financial, investment, legal, or other professional advice. Any reliance you place on such information is strictly at your own risk. ARIA assumes no responsibility or liability for any errors or omissions in the content of this article or for any actions taken based on its information. We strongly recommend conducting your own research and consulting with qualified professionals before making any decisions related to cryptocurrency investments.

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