An SEC proposal to revise rules for crypto broker-dealers was submitted to the White House Office of Management and Budget (OMB) earlier this week and is now under review. An SEC spokesperson said the revisions clarify how broker-dealer financial responsibility, recordkeeping, and reporting requirements apply to crypto assets. The same week, the CFTC also submitted a proposal for prediction market rules to OMB, aimed at strengthening protections for retail traders.
Taken together, the two developments show that while market structure legislation has stalled in the Senate, the SEC and CFTC are moving forward independently through rulemaking. This path does not require congressional approval, but completing the process takes time.
When the full proposal becomes public, how the financial responsibility provisions are written will directly determine the compliance costs for brokers engaged in crypto business.
#加密监管 #SEC #CFTC
Taken together, the two developments show that while market structure legislation has stalled in the Senate, the SEC and CFTC are moving forward independently through rulemaking. This path does not require congressional approval, but completing the process takes time.
When the full proposal becomes public, how the financial responsibility provisions are written will directly determine the compliance costs for brokers engaged in crypto business.
#加密监管 #SEC #CFTC