SEC Clarifies Rules for Crypto Assets and Distributed Ledger Technology

AI Summary

According to PANews, the U.S. Securities and Exchange Commission (SEC) has published a set of frequently asked questions (FAQ) to clarify how the rules for broker-dealers and transfer agents apply to crypto assets and distributed ledger technology. Commissioner Peirce noted that the recommendations relate to custody rules, the creation of physically-backed cryptocurrency ETFs, and tokenized securities, describing it as a 'progressive step forward.'#SEC #ETF