SEC grants exemptive relief from Treasury clearing for certain repo trades

The SEC issued exemptive relief from Treasury clearing requirements covering certain inter-affiliate and non-U.S. repo transactions. The move is framed as a step to help broker-dealers and other market participants transition toward central clearing of U.S. Treasury securities. It is a procedural regulatory accommodation rather than a direct crypto ruling, though smoother Treasury repo plumbing can feed through to broader market liquidity and collateral conditions that crypto traders watch.