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The SEC released a FAQ on activities related to encryption assets and Distributed Ledger technology.
According to Wu, the official website reports that the U.S. Securities and Exchange Commission (SEC) has released a FAQ on crypto asset activities and Distributed Ledger Technology, covering broker-dealer custody rules, physical purchases of crypto Spot ETFs, net capital treatment for Bitcoin and Ether, as well as rules for transfer agents of tokenized securities. Commissioner Hester Peirce stated that the guidance is a "gradual step" and reminded that non-securities crypto assets are not protected by the Securities Investor Protection Act (SIPA).