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SEC Chair Moves to Reevaluate Bitcoin Guidance

  • Acting SEC Chair Mark Uyeda has instructed a review of crypto-related regulations, including Bitcoin futures and market disclosure.
  • The review seeks to remove rules hindering crypto innovation, potentially leading to more favorable regulations.
  • The SEC clarified that stablecoins like USDT and USDC are not securities and must maintain separate operational and reserve funds.
  • Paul Atkins, if confirmed as SEC chair, is expected to make it easier to approve crypto-related exchange-traded fund applications.

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