TechFlow news — The U.S. Securities and Exchange Commission (SEC) will revise a proposed rule on Friday to more clearly require digital asset exchanges and decentralized finance platforms to register with the regulator. The initiative, originally proposed in 2022, aims to close a regulatory gap created by platforms offering securities trading without registering as exchanges or broker-dealers.
The original proposal did not mention cryptocurrencies explicitly but was widely interpreted as applying to digital assets. This ambiguity drew strong criticism from cryptocurrency firms such as Coinbase and Circle, as well as from one of the agency’s own commissioners.
The revised proposal released Friday explicitly states that digital asset trading will be included.
