The SEC updates its rules to regulate digital asset trading platforms more clearly

FAP, April 14-the Securities and Exchange Commission (SEC) will amend a proposed rule on Friday to more clearly stipulate that digital asset exchanges and decentralized financial platforms must be registered with the regulator. The plan, originally proposed in 2022, aims to fill regulatory gaps created by platforms that provide securities trading but are not registered as exchanges or brokers. The original proposal did not mention cryptocurrency, but it was widely believed to apply to digital assets. The vagueness drew fierce criticism from cryptocurrency companies such as Coinbase and Circle, as well as a member of the agency itself. The revised plan released on Friday made it clear that digital asset transactions would be included.