Golden Finance reported that Republicans in the House of Representatives stated that a proposed SEC rule would shut down the development of the digital asset industry and should be revoked. Lawmakers on the House Financial Services Committee wrote to the SEC this week criticizing the proposed rule, saying the rule could expand the definition of an exchange to include communication protocol systems, possibly beyond centralized exchanges, and that for digital assets, the proposed rule would go far Going beyond the regulation of centralized digital asset platforms and applying to those acting in concert with each other, this could cover a wide range of individuals in the digital asset ecosystem, including software developers and participants in the consensus mechanisms of blockchain networks. This rule can also catch software developers and people involved in the consensus mechanism of the blockchain network.