Fidelity representatives met with the SEC's crypto team last week and mentioned regulatory determinations of on-chain incentives such as liquidity mining
According to online reports, according to the meeting memorandum document disclosed by the U.S. SEC today, on February 20, the U.S. Securities and Exchange Commission (SEC) Cryptography Task Force met with representatives of Fidelity Investment. Fidelity representatives submitted an attached document and discussed relevant content during the meeting: The applicability of customer protection rules to brokers 'interactions with digital asset securities, and discussing brokers' customer asset isolation and custody requirements in digital asset securities trading; Standardized rules for the listing of digital asset exchange-traded products (ETP) to promote the standardized framework for the issuance and listing of digital assets; Clarify the selection mechanism of fund sponsors for asset pledges, and define the compliance path and operating standards for funds when pledging encrypted assets; Accounting treatment of rewards related to tokens and financial instruments based on blockchain, and explore the regulatory recognition methods for on-chain incentives such as pledge income and liquidity mining incentives.
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