On June 13, the SEC repealed key rules on crypto custody and DeFi, eliminating expanded custody regulations and classifying DeFi as securities exchanges. This change is seen as a way to clarify legal frameworks and promote innovation within the crypto space.
Leading industry figures, such as Rob Nichols, support the SEC’s move, viewing it as a catalyst for growth in digital asset custody. Current data reveals Bitcoin priced at 104,405.30 USD with a market cap of 2.07 trillion USD, showing a shift in trading volume of -2.97% in the last 24 hours.
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