1
SEC removes the definition of Digital Assets from their final hedge fund proposal
2
Sharp criticism from the industry and two SEC commissioners on excluding to define the term “Digital Assets”
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Previous SEC official reveals why the SEC doesn’t want to define the term.
On Wednesday, while the Securities and Exchange Commission was finalising its latest hedge fund rule, it took a small step back when it refused and left to define what would have been the first formal definition of “Digital Assets”.
SECs timeline for defining Crypto
Earlier in 2022, the SEC initially defined the definition of Digital Assets in its proposal to make any changes mandatory for the hedge fund. Still, while finalising the final rule approved by the commissioners, the regulators chose not to define digital assets, although a footnote was included by the agency explaining:
“The commission and staff are continuing to consider this term and are not
We współpracy z: https://www.thecoinrepublic.com/2023/05/06/sec-excludes-defining-digital-assets-in-their-new-hedge-fund-rule/
