SIFMA Urges SEC for Public Review on Crypto Regulatory Updates

The Securities Industry and Financial Markets Association (SIFMA) pressed the U.S. SEC for transparent rulemaking during a meeting with the regulator's crypto Task Force. Discussions centered on adapting securities laws to digital assets, including tokenized securities and commodity classification.

SIFMA advocated for modernized disclosure requirements rather than relying on temporary exemptions. The group warned that patchwork solutions risk eroding market transparency and investor confidence in emerging crypto markets.

Key recommendations included maintaining Core investor protections while accommodating technological innovation. SIFMA proposed clear separation of market functions—trading, custody, and broker-dealer services—to preserve integrity in digital asset markets.