SEC Clarifies Rules for Crypto Assets and Distributed Ledger Technology

According to PANews, the U.S. Securities and Exchange Commission (SEC) has released a set of frequently asked questions (FAQs) to clarify how broker-dealer and transfer agent rules apply to crypto assets and distributed ledger technology. Commissioner Peirce noted that the guidance addresses custody rules, the creation of cryptocurrency ETFs in physical form, and tokenized securities, describing it as a 'progressive step forward.'