The U.S. Securities and Exchange Commission (SEC) removed the definition of digital assets from its hedge fund rule.
The crypto industry is struggling with regulatory pressures and the rules that are trying to be established. In particular, US regulators have put intense pressure on crypto exchanges recently. Coinbase has been the hot topic of the last period.
After all these processes, there was a small step back from the SEC. The SEC removed the definition of digital assets from its latest hedge fund rule.
SEC Wary of Digital Asset
SEC Chairman Gary Gensler, who was almost questioned in the US Committee of Representatives last week, was on the agenda with his statements about crypto. Gensler’s abstaining response to questions on securities and crypto encouraged the crypto industry.
A new move has come from the SEC. The US regulator has backed out on its rules that it is about to define the digital asset. The SEC removed the definition of digital assets from the final version of the established rule.
“The Commission and staff continue to evaluate this term and are not currently adopting digital assets as part of this rule,” the memo said. it was said.
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