White House Reviews SEC Proposal to Ease Regulatory Requirements for Crypto Brokers

HIGHLIGHTS The White House is reviewing SEC proposals covering financial requirements for broker-dealers handling crypto assets. The SEC plans amendments to capital, customer protection, recordkeeping, and reporting rules for crypto brokers. The SEC's proposed crypto broker rule changes remain under White House review The White House has begun reviewing an SEC proposal covering financial rules for crypto broker-dealers. The Office of Information and Regulatory Affairs (OIRA) received the filing as OIRA lists the proposal under regulatory identifier 3235-AN48. SEC Proposal Covers Broker Capital And Customer Protection The SEC's regulatory agenda includes Rules 15c3-1 and 15c3-3.