SEC Issues New Guidance on Crypto Broker-Dealer Rules

By: coindoo|2025/05/16 17:45:05
0
Share
copy
Commissioner Hester Peirce welcomed the FAQs, describing them as an “incremental step along the journey” toward regulatory clarity in the digital asset space.While many of the FAQs simply reaffirm existing regulations, they tackle some of the pressing uncertainties market participants face when dealing with crypto. For instance, they clarify that broker-dealers holding non-security crypto assets for customers are not subject to the same capital rules as those applied to securities, particularly under Rule 15c3-3.The document also emphasizes that only Bitcoin and Ether—the two crypto assets currently underlying exchange-traded products (ETPs) on U.S. national exchanges—are referenced in the guidance. However, this does not imply exclusivity or limitations on broker-dealer asset custody.Key PointsNon-security crypto assets held by broker-dealers are not protected by SIPA, the Securities Investor Protection Act.The FAQs offer initial guidance for transfer agents using distributed ledger technology.They reaffirm that Rule 15c3-3’s possession and control requirements apply only to securities, not to non-security crypto assets.Further guidance is expected, especially around tokenized versions of traditional securities and other non-securities custody models. .dark-mode .read-more {background-color: #343a40 !important;} READ MORE: Anthony Scaramucci Shares Bold Bitcoin Prediction and ETF Outlook Commissioner Peirce acknowledged the FAQs as a positive step but stressed that much work remains. Market participants continue to call for a fit-for-purpose broker-dealer framework and greater clarity around tokenized assets.What’s Next?Peirce noted the demand for a special-purpose broker-dealer statement, better guidance on on-chain tokenization, and clearer rules for broader crypto asset treatment. She also encouraged the industry to provide feedback to the SEC’s Crypto Task ForceThe post SEC Issues New Guidance on Crypto Broker-Dealer Rules appeared first on Coindoo.

You may also like

WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

What are the key highlights of this year's Ethereum's most important upgrade, the Glamsterdam upgrade?

The Ethereum Race Against Time, Perhaps Truly a Quest for Revival

March 6 Key Market Update You Can't Miss! | Alpha Morning Report

.Top News: Recent Developments in US-Iran Conflict, Military Action to Escalate Further, Trump Rejects Soleimani's Son Taking Over Token Unlock: $W, $RED

Sell Nvidia, Buy Power Plant: 27-Year-Old AI Investor Earns $5 Billion in One Year

The essence of investment is to find price dislocation in the future that has already arrived but is not yet evenly distributed.

The $24 Million Heist Behind It: The Most Dangerous Vulnerability in the Crypto World is Actually Human

When a Private Key Meets Real Brutality, Your On-chain Balance is Already a Bounty Map

Justin Sun Lawsuit Dismissed, BlackRock Bullish on Tokenization, What Is the English-Speaking Community Paying Attention To?

What Was Top of Mind for Expats in the Last 24 Hours?

Popular coins

Latest Crypto News

Read more