Acting U.S. SEC Chairman: Crypto Firms Will No Longer Be Required to Register as Trading Systems

On 11 March, Mark Uyeda, acting chairman of the US Securities and Exchange Commission (SEC), said he had instructed the staff to consider dropping a plan that would have expanded the definition of alternative trading systems to include some cryptocurrency firms, a section that has not yet been finalised and if it is, will no longer require crypto firms to register as trading systems, Reuters reported.