Reported about 4 hours ago
Acting SEC Chair Mark Uyeda announced plans to revise a proposal that requires digital asset exchanges to register under alternative trading system rules. The original proposal aimed to broaden the definition of an exchange and close regulatory gaps, but faced significant opposition from the crypto industry, particularly from Coinbase. Uyeda emphasized the need for proprietary trading firms to be regulated similarly to banks, citing concerns over transparency and investor protections in the trading of U.S. Treasuries.
Source: YAHOO