Fidelity Pushes SEC to Create Stronger Crypto Rules
Fidelity Investments has urged the U.S. Securities and Exchange Commission (SEC) to establish clearer regulatory frameworks for cryptocurrency trading within traditional financial markets. In a formal letter, the asset manager emphasized the robustness of the existing U.S. financial market structure while calling for enhanced guidance to accommodate the growing prevalence of digital assets.
The firm highlighted the need for rules that prioritize investor protection, market transparency, and fraud prevention. Fidelity specifically addressed the role of brokers and dealers, who require definitive guidelines to operate crypto trading platforms and custody services effectively. While acknowledging recent SEC efforts, the letter stressed that further clarity—particularly around tokenized securities—is critical for institutional adoption.
