SEC moves to revise broker-dealer rule limited to 'equities'…seeks feedback on whether it applies to crypto assets
Suehyeon Lee
Summary
- The U.S. Securities and Exchange Commission (SEC) was reported to have proposed limiting the applicability of broker-dealer-related rules to equities.
- The SEC said it proposed an amendment to clarify the scope of “Rule 15c2-11,” excluding crypto assets and limiting it to equities (Equity Securities).
- The rule sets disclosure and information-provision requirements for assets traded in the over-the-counter (OTC) market, and some have long argued it could also apply to crypto assets.
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The debate over the regulatory scope for crypto assets (cryptocurrencies) is widening after the U.S. Securities and Exchange Commission (SEC) proposed limiting the applicability of broker-dealer-related rules to stocks.
According to Cointelegraph on the 16th (local time), the SEC recently proposed an amendment to clarify the scope of the broker-dealer rule “Rule 15c2-11,” excluding crypto assets and limiting it to equities (Equity Securities).
The rule sets disclosure and information-provision requirements for assets traded in the over-the-counter (OTC) market, and some have long argued it could also apply to crypto assets.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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