PANews, May 16 - According to official news, the U.S. Securities and Exchange Commission (SEC) has released Frequently Asked Questions (FAQs) to clarify how broker-dealer and transfer agent rules apply to crypto assets and distributed ledger technology. Commissioner Peirce stated that the guidance addresses custody rules, the creation of cryptocurrency ETFs in physical form (i.e., in the form of crypto assets), and tokenized securities, calling it a 'progressive step' forward.