The SEC will assess how a proposal expanding the definition of an exchange can be modified to exclude crypto transactions.

"The new definition of the term 'exchange' included 'communications protocols' without clearly defining what that term meant," he argued. Uyeda went on to explain that the "vastly expanded ...

Acting Chair Mark Uyeda said he’s directed the SEC to re-evaluate the agency’s proposal expanding the definition of an “exchange” under the Securities Exchange Act of 1934. The proposal ...