On November 2, news came that the U.S. SEC granted a temporary exemption for several compliance dates of the National Market System Rules (RegulationNMS) on October 31. This exemption provides a precedent for exchanges, stating that enforcement actions should be paused when rules are in flux and regulators cannot provide clear guidance, until the regulators establish actionable standards. The announcement mentioned funding interruptions and the need to 'facilitate orderly market operations' after the court denied the application for a stay. Crypto asset exchanges like Coinbase, Kraken, and Binance may apply the same logic.

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