Crypto firms and Wall Street institutions submit comments to SEC pushing for revisions to Regulation Crypto Assets before comment period closes.
Regulation & Gov ·
Crypto firms and Wall Street institutions have submitted comments to the U.S. Securities and Exchange Commission urging revisions to Regulation Crypto Assets as the formal comment period neared its close. The submissions included input from both digital-asset companies and traditional financial associations, indicating coordinated industry engagement with the SEC's regulatory framework.
The feedback arrived amid the SEC's broader effort to establish clearer rules governing crypto asset classification and trading. Wall Street institutions also weighed in on the SEC's newly released innovation exemption alongside their positions on the main regulation. The comments reflect divergent interests across the financial ecosystem regarding how digital assets should be supervised.
Key details remain unspecified in available reports, including the specific revisions proposed by individual commenters, which firms or institutions filed remarks, and the SEC's timeline for reviewing submissions before finalizing the regulation.