The U.S. SEC has revoked its 50-year-old "no denial" rule for settlements.

CoinFeed reported on May 19th, citing CoinDesk, that the U.S. Securities and Exchange Commission (SEC) has repealed the "no-deny" rule, which had been in place for approximately 50 years. The new rule allows defendants who reach an enforcement settlement with the SEC to publicly question or deny the SEC's allegations made during enforcement actions. Previously, defendants were typically restricted from publicly refuting the allegations after signing a settlement agreement.