SEC Provides Clarity for Crypto Asset Regulation, Sparking Market Reactions

The U.S. Securities and Exchange Commission (SEC) has released guidance addressing broker-dealer and transfer agent rules for crypto assets and ETFs, aiming to reduce regulatory uncertainty in the burgeoning industry. The guidance provides clarity on how these rules apply to crypto firms, particularly in areas such as custody and exchange-traded funds (ETFs). While the move is welcomed by some market participants who anticipate new opportunities for investment products, others remain cautious about its long-term impact.