The Blockchain Association is calling on the U.S. Securities and Exchange Commission (SEC) to repeal two trading rules, pressing the agency to roll back requirements the industry group views as ill-suited to crypto markets rather than merely revise them.

The advocacy group's request centers specifically on two SEC trading rules and is framed as a push for full repeal rather than a call for minor amendments. The demand was directed at the SEC through the agency's rulemaking process, as reflected in the related SEC rulemaking record.

The Blockchain Association, a Washington, D.C.-based trade group for the digital-asset industry, outlined its position publicly through its official account on X, keeping the focus on the two rules it wants removed. Public filings and petitions of this kind are a standard channel through which the group and other industry participants press their case with regulators. The move was also documented in crypto.news reporting that the group is asking the SEC to drop the pair of rules.

Why the repeal push matters for crypto trading firms

Trading rules set by the SEC shape how platforms, intermediaries, and other market participants operate, which is why a repeal request from an industry advocate signals that the current framework is seen as burdensome or misaligned with how digital-asset markets function. The request also lands within a longer-running debate over how rules written with traditional securities markets in mind map onto digital assets, a question that has run through SEC proceedings as well as congressional proposals to clarify which agencies oversee which digital-asset activities.

For crypto trading businesses, rules of this kind can translate into compliance and operational obligations that affect exchanges, brokers, and liquidity providers. The same regulatory questions have surfaced as firms navigate authorization regimes elsewhere, including Binance's reported push for FCA authorization in the United Kingdom.

Market-structure debates are increasingly tied to how traditional finance interacts with blockchain rails, a dynamic visible in experiments such as MUFG's test of blockchain settlement for government bond repo trades. How the SEC treats trading rules feeds directly into that broader question of where regulated activity sits.

What comes next in the SEC rule debate

A public repeal demand of this kind typically signals an ongoing rulemaking or policy debate rather than an immediate change, meaning the two rules would not disappear the moment the request is filed. That pacing is built into federal rulemaking: under the Administrative Procedure Act, the SEC generally must propose any repeal, open it to public comment, and address significant feedback before a change becomes final.

The SEC's response, or its silence, will shape the next stage of the story. The agency can accept, reject, or leave the request pending through its standard process, and its next move is the key development to watch.

From here, readers should monitor whether the SEC opens or advances a formal comment window, whether other industry participants add their own arguments, and how the debate connects to wider market-structure discussions touching stablecoin issuers like USDC and the platforms that trade them.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.