The U.S. Securities and Exchange Commission (SEC) is undergoing a significant shift in its regulatory approach toward cryptocurrency as acting Chair Mark Uyeda emphasizes a reconsideration of proposed rules established during the Biden administration. Uyeda has directed staff to review the controversial crypto asset custody proposal, indicating the possibility of scrapping it altogether. Amid growing pressure from the crypto community and industry leaders, the SEC is also planning to host a roundtable for essential discussions on regulatory reforms. Recent developments point to a broader trend of the agency retreating from strict oversight, which may invite more private lawsuits and reshape the enforcement landscape in the cryptocurrency market. Critics of previous regulations, particularly those under Gary Gensler, welcome these changes while raising concerns about the future of enforcement and consumer protection in the evolving digital asset space.