CoinVoice has recently learned that, according to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has published a Frequently Asked Questions (FAQ) regarding cryptocurrency activities and distributed ledger technology.

It is clearly stated that brokers holding non-securities crypto assets are not subject to the holding and control requirements of Rule 15c3-3 and are not protected by SIPA; the net capital treatment for Bitcoin and Ethereum applies to cryptocurrency spot ETPs.

Commissioner Hester M. Peirce stated that the FAQ provides initial guidance to the market but still requires further refinement. [Original link]