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SEC Sends Digital Asset Innovation Exemption Proposal to White House OMB

SEC Chair Paul Atkins said the measure would give eligible firms temporary relief from broker-dealer or exchange registration, while a separate proposal would revisit Form PF disclosure rules after an October 1 delay.

Summary

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Terms & Concepts
  • broker-dealer: A regulated firm that buys and sells securities for clients or for its own account.
  • exchange registration: The regulatory approval required for platforms that operate as securities trading venues.
  • Form PF: A confidential regulatory filing used by certain private fund advisers to report risk-related information.