SEC Revisits Exchange Definition and Seeks Feedback on DeFi Oversight
TL;DR Summary
The SEC has reopened the comment period and provided supplemental information on proposed amendments to the definition of "exchange" under Exchange Act Rule 3b-16, including the applicability of existing rules to platforms that trade crypto asset securities. The reopening release also requested information and public comment on crypto asset securities trading on such systems and certain aspects of the proposed amendments applicable to all securities. The public comment period will remain open for 30 days after publication of the reopening release in the Federal Register.
- SEC Reopens Comment Period for Proposed Amendments to Exchange Act Rule 3b-16 and Provides Supplemental Information SEC.gov
- U.S. SEC Moves Toward DeFi Oversight as It Reopens Proposed Regulations CoinDesk
- SEC considers reopening "exchange" definition proposal Axios
- US SEC sees DeFi platforms as exchanges, seeks more public feedback Reuters.com
- SEC Revisits Exchanges Definition as It Targets DeFi Blockworks
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