The SEC has released a FAQ on cryptocurrency asset activities, including rules for brokers and ETPs

2025-05-16 13:43:17

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ChainCatcher news, according to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has released a Frequently Asked Questions (FAQ) document regarding activities related to crypto assets and distributed ledger technology.

It clarifies 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 crypto asset spot ETPs.

Commissioner Hester M. Peirce stated that the FAQ provides initial guidance for the market, but further refinement is still needed.

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