Regulatory Freeze Pending Review

[peanut56]

https://www.whitehouse.gov/briefing-room/presidential-actions/2021/01/20/regulatory-freeze-pending-review/

It looks as thought the white house has chosen to freeze or put a stay to any outgoing regulations by the Trump administration for 60 days pending review.

 

 

"a.  any substantive action by an agency (normally published in the Federal Register) that promulgates or is expected to lead to the promulgation of a final rule or regulation, including notices of inquiry, advance notices of proposed rulemaking, and notices of proposed rulemaking; and 

b.  any agency statement of general applicability and future effect that sets forth a policy on a statutory, regulatory, or technical issue or an interpretation of a statutory or regulatory issue."

[PunishmentOfLuxury]

So this includes the FINCEN self-custody wallet rule requiring KYCC - Know Your Customer's Customer - BAD.

But also the OCC's ruling that banks could handle stablecoins - GOOD.

Edited January 21, 2021 by PunishmentOfLuxury

[RobertHarpool]

Freezes "any agency statement of general applicability and future effect that sets forth a policy on a statutory, regulatory, or technical issue or an interpretation of a statutory or regulatory issue."

I'd say the SEC made a statement of general applicability ... that sets forth ... an interpretation of a ... regulatory issue with their complaint about XRP & Ripple, wouldn't you? 

 

Edited January 22, 2021 by RobertHarpool