Regulatory repeal is the formal act of revoking or cancelling an existing law or regulation by a legislative or administrative body. In the digital asset sector, this could involve eliminating rules deemed outdated, overly burdensome, or detrimental to innovation. The process typically requires legislative action or a formal administrative review and decision. Repeals aim to streamline regulatory frameworks.
Context
News often reports on proposals or attempts at regulatory repeal, particularly when existing financial regulations are seen as ill-suited for digital assets. Advocates for innovation frequently argue for the removal of regulations that hinder technological advancement without providing sufficient consumer protection. The success of such repeal efforts can significantly alter the operational environment for digital asset businesses.
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