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RE: LeoThread 2025-05-30 12:16

in LeoFinance4 months ago

Under the SEC's new leadership, the agency has shifted away from enforcement and toward engagement and regulatory rollback. It's held a series of roundtables led by Peirce and newly appointed Chair Paul Atkins.

The SEC has also begun dismantling key rules that once kept Wall Street on the sidelines. In January, it scrapped Staff Accounting Bulletin 121 — a controversial directive issued under former Chair Gary Gensler that forced banks to count crypto holdings as liabilities on their balance sheets. Peirce celebrated the reversal on X, posting, "Bye, bye SAB 121! It's not been fun."

In February, the agency followed up with new guidance indicating that it doesn't view most meme coins as securities under federal law, providing a boon to the Trump family.