The U.S. SEC cancels the "pattern day trader" rule and withdraws the minimum balance requirement

The U.S. Securities and Exchange Commission (SEC) announced the repeal of the "pattern day trader" rule, eliminating the requirement for day trading accounts to maintain a minimum balance of $25,000.

This rule was originally intended to restrict frequent trading behavior and aimed to reduce investor risk. This adjustment is expected to affect the trading thresholds of various financial products, including cryptocurrencies and Web3-related assets, providing more flexibility for individual investors. The SEC's move marks a further relaxation of the U.S. financial regulatory environment, which may promote increased market activity.