Regulation
SEC’s Uyeda Plans to Strike Crypto From Trading System Proposal
- Proprietary traders could still face more registration rules
- Gensler had expanded proposal on alternative trading systems
Mark Uyeda
Photographer: Al Drago/BloombergThis article is for subscribers only.
A Securities and Exchange Commission proposal requiring digital asset exchanges to register under alternative trading system rules is in for an overhaul.
Acting SEC Chair Mark Uyeda said Monday that he has asked staff to pare back parts of the rule, which was proposed in 2022 and would have broadened the definition of an “exchange.”