The U.S. SEC has taken a small step toward regulating the crypto industry, removing the first formal definition of "digital assets" from its latest hedge fund rule. While the SEC originally included this definition in its 2022 proposal to reform hedge fund mandatory disclosures, the SEC removed it in the final rule approved by the commissioners, explaining in a note: "The Commission and staff are continuing to consider this term and have not yet included 'digital assets' as part of this rule." (CoinDesk)