The SEC decided to abandon the implementation of the proposed law on the supervision of digital currency exchanges introduced during the Gary Gensler period

Mark Uyeda, the interim head of the organization, stated that the definitions contained in the law did not have sufficient transparency and may include protocols for which the regulatory purpose was not essentially intended.

The law, which could require cryptocurrency exchanges to be officially registered with the SEC, was part of the organization's new policies during Donald Trump's presidency.

In this regard, the SEC has decided to close several important cases against companies active in the field of digital currency, including Kraken, Coinbase and Robinhood.

In another development, the SEC's Digital Currency Group, chaired by Hester Peirce, plans to discuss and evaluate the legal challenges and policies related to digital assets by holding specialized roundtables.

These measures reflect the SEC's changing approach to the cryptocurrency market and efforts to create a more appropriate legal framework.