SEC Acting Chair: Will No Longer Require Crypto Companies to Register as Exchanges

BlockBeats News: On March 11, according to Reuters, Mark Uyeda, Acting Chair of the U.S. Securities and Exchange Commission (SEC), stated that he has instructed staff to consider abandoning a plan that would expand the definition of an alternative trading system to include some cryptocurrency firms. This decision is still pending final confirmation, and if approved, cryptocurrency companies would no longer be required to register as trading systems.