Step Back From SEC: Removes Official Digital Asset Definition!

The U.S. Securities and Exchange Commission (SEC) has removed the definition of “digital assets” from its reporting rules for hedge and private equity funds.

SEC 3 May The guide includes the hedge and private equity reporting rules, as well as the definition of financial instruments. final version published. In the final version of the manual referred to as Form PF “digital asset” to the definition place was not given.

Commission last year August together with the offer Draft of Form PF become the definition of digital assets had added. In the related definition, digital assets blockchain or distributed ledger technology using exportation And transfer made assets was stated. in the definition “cryptocurrency”, “token” in the cryptocurrency industry widespread used expressions were mentioned.

Regarding the digital assets of the commission, the fact that digital assets are not included in the current situation continuing its assessments. stated to have originated. The change made in the cryptocurrency sector from the actors And from some commissioners hard reactions caused to be taken.

From former SEC officials Anne-Marie Kelley posted on his official social media account. in the shipmentthat the SEC does not define digital assets trapped in regulatory uncertainty because it is intended for existing cryptocurrencies if it defines it as a product. securities the position of the commission in the cases will weaken suggested.


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