Wu learned that according to encryption journalist Eleanor Terrett, the US Securities and Exchange Commission (SEC) has officially withdrawn its proposal for the extended Custody Rule, Rule 3b-16, and a series of other rules proposed during the Gensler era. The custody rules were originally intended to cover all client assets, including cryptocurrencies, expanding the scope of the definition of "custody" and sparking controversy over whether certain state chartered agencies should be considered qualified custodians. Rule 3b-16 proposes to include decentralized finance (DeFi) exchanges/platforms within the regulatory scope of national securities exchanges. In addition, the SEC has withdrawn its proposal to require listed companies to comply with stricter ESG (Environmental, Social, and Corporate Governance) disclosure regulations. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=43949