【SEC’s New Rules for U.S. Crypto Brokers Enter White House Review】
According to multiple media reports on November 6–7, the U.S. Securities and Exchange Commission (SEC) submitted a draft amendment to its broker rules for crypto assets to the White House for regulatory review on November 3. Records from the White House Office of Information and Regulatory Affairs (OIRA) show that the proposal is numbered RIN 3235-AN48, is at the “Proposed Rule” stage, and is designated as having “significant economic impact.”
The draft would amend four existing securities rules: the net capital rule (15c3-1), the customer protection rule (15c3-3), and the recordkeeping rules (17a-3 and 17a-4). Its core purpose is to clarify how these rules apply to brokers holding crypto assets.
The draft text has not yet been made public, and OIRA review has no statutory deadline, so when the review will conclude is uncertain. The SEC had originally planned to publish the proposal in July 2026, but the timeline has been delayed.
The backdrop is that Democrats won majorities in both chambers of Congress in the November 3 midterm elections. The new Congress will take office on January 3, 2027, and may oversee the proposal’s progress through hearings and other means.
Sources: Unchained, Coinotag, Bitcoin.com, November 6–7
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According to multiple media reports on November 6–7, the U.S. Securities and Exchange Commission (SEC) submitted a draft amendment to its broker rules for crypto assets to the White House for regulatory review on November 3. Records from the White House Office of Information and Regulatory Affairs (OIRA) show that the proposal is numbered RIN 3235-AN48, is at the “Proposed Rule” stage, and is designated as having “significant economic impact.”
The draft would amend four existing securities rules: the net capital rule (15c3-1), the customer protection rule (15c3-3), and the recordkeeping rules (17a-3 and 17a-4). Its core purpose is to clarify how these rules apply to brokers holding crypto assets.
The draft text has not yet been made public, and OIRA review has no statutory deadline, so when the review will conclude is uncertain. The SEC had originally planned to publish the proposal in July 2026, but the timeline has been delayed.
The backdrop is that Democrats won majorities in both chambers of Congress in the November 3 midterm elections. The new Congress will take office on January 3, 2027, and may oversee the proposal’s progress through hearings and other means.
Sources: Unchained, Coinotag, Bitcoin.com, November 6–7
$BTC $ETH