US SEC Grants Temporary Exemption to "National Market System Rules," Setting Enforcement Suspension Precedent for Exchanges

ChainCatcher news, on October 31, the US SEC granted temporary exemptions for several compliance dates under the Regulation NMS (National Market System Rules). This exemption order provides a precedent for exchanges: when rules are in flux and regulators are unable to provide clear guidance, enforcement actions should be suspended until regulators establish practical and feasible standards.

The announcement mentioned funding interruptions, and after the court rejected the request for a stay of execution, there is a need to "facilitate the orderly operation of the market." The same logic may apply to certain cryptocurrency exchanges.