New Announcement on Cryptocurrencies from SEC and CFTC!

in the USA to cryptocurrencies Efforts to make regulations continue. In this context, the last move came from two US regulatory agencies.

U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) hedge funds cryptocurrency trying to create a new system for reporting their exposure.

The SEC and CFTC agreed in mid-August to propose a common rule on this matter.

The SEC’s statement “The rule proposed by the CFTC in partnership with the SEC is designed to enhance the Financial Stability Oversight Council (FSOC)’s ability to assess systemic risk, support the SEC’s regulatory oversight, and bring transparency around it.” he said.

This rule is for hedge funds. “Form PF” It imposed an obligation to notify through a confidential filing called

The SEC and CFTC, key US regulators for financial markets, have now sought public comment on proposed changes to Form PF.

In the statement made “The proposal that the SEC and CFTC have agreed upon will add a new sub-asset class for digital assets and define the term ‘digital asset’.” it was said.

It was stated that the request for comment from the public will raise some basic questions about how to define and classify digital assets.

Finally, it was stated in the statement that comments can be submitted to the CFTC or the SEC physically or electronically until October 11.