SEC Submits Digital Asset and Fund Disclosure Rules to the White House, Proposes Innovation Exemption

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The U.S. Securities and Exchange Commission has submitted two proposed rules to the White House, covering digital asset disclosures and fund reporting. The digital asset rule includes an innovation exemption, permitting firms to avoid registration for a specified period. A revised Form PF modifies fund risk and performance disclosures. SEC Chair Gary Gensler has delayed the effective date of Form PF to October 1 and aims to reduce reporting burdens. Traders may adjust their asset allocation strategies in response. Support and resistance levels in crypto markets could shift as regulatory clarity improves.

Odaily Planet Daily report: The U.S. Securities and Exchange Commission has submitted two proposed rules to the White House Office of Management and Budget, addressing disclosure requirements for the digital assets industry and for hedge funds and private equity funds.

Among these, the digital assets proposal includes an "innovation exemption" mechanism that allows relevant companies to be exempt from registering as regulated entities such as brokers or exchanges for a specified period. Another rule adjusts Form PF, used for disclosing fund performance and risks.

Additionally, SEC Chairman Paul Atkins previously delayed the effective date of the new rules related to Form PF to October 1 and indicated that the SEC will explore ways to reduce disclosure burdens. (Bloomberg)

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