U.S. SEC Changes Its Mind on Officially Labeling Digital Assets in Hedge Fund Regulation

“The SEC is a regulator that requires transparency from its registrants, however it’s persevering with to withhold regulatory readability by not defining digital belongings,” stated Anne-Marie Kelley, a accomplice at Mercury Methods who was a longtime SEC official. She urged the fee might have deleted the definition as a result of “any recognition of digital belongings uniqueness as a novel product weakens their litigation stance that digital belongings are securities and topic to the SEC securities legal guidelines.”