SEC Releases New Guidance on Crypto Asset Regulations
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The SEC’s Division of Trading and Markets has issued fresh FAQs clarifying how financial responsibility and transfer agent rules apply to crypto assets and distributed ledger technology. This move aligns with Commissioner Hester Peirce’s longstanding call for clearer digital asset regulations.
While primarily reiterating existing securities laws, the guidance provides crucial interpretation for broker-dealers and transfer agents operating in the cryptocurrency space. The document notably emphasizes that Rule 15c3-3 applies strictly to securities, leaving non-security crypto assets in a separate regulatory category.
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