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- 🎉 Follow to Win! Gate_Activity account is now live!
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The U.S. SEC released a FAQ on encryption asset regulation, clarifying the rules regarding brokers and ETPs.
According to Gate News bot, Cointelegraph reported that the U.S. Securities and Exchange Commission (SEC) has released a FAQ about encryption asset activities and Distributed Ledger technology.
The document states that brokers holding non-securities crypto assets are not subject to the holding and control requirements of Rule 15c3-3 and are not protected under SIPA. At the same time, the net capital treatment of Bitcoin and Ethereum will apply to crypto asset spot ETPs.
SEC Commissioner Hester M. Peirce stated that this FAQ provides initial guidance for the market, but still requires further refinement.