The U.S. SEC has revoked a settlement rule that has been in place for 50 years

According to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has rescinded the "no denial" rule that has been in place for about 50 years. The new rule allows defendants who reach a settlement with the SEC to publicly question or deny the allegations made by the SEC in enforcement actions. Previously, defendants were typically restricted from publicly rebutting the relevant allegations after signing a settlement agreement.