The U.S. SEC officially repealed the extended "accomplice rules" proposal and "Rule 3b-16", along with other rules from the Gensler era.

2025-06-13 00:16:00

[The U.S. SEC officially abolishes the expanded Custody Rule proposal and Rule 3b-16, along with other Gensler-era rules] According to crypto journalist Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has just officially abolished the expanded Custody Rule proposal and Rule 3b-16, along with other rules from the Gensler era. The “Custody Rules” aim to cover all client assets, including encryption currencies, expanding the definition of “custody” and raising concerns about whether certain state-chartered entities should be recognized as qualified custodians. “Rule 3b-16” proposes to regulate decentralized finance (DeFi) exchanges/platforms as national securities exchanges. The SEC has also abandoned its proposal requiring publicly traded companies to comply with enhanced environmental, social, and governance (ESG) reporting requirements.

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