SEC Regulation Sparks New Era for Cryptocurrency Market

The US Securities and Exchange Commission (SEC) has taken steps towards regulating the cryptocurrency market, sparking excitement among investors.

Fidelity has submitted a formal letter to the SEC requesting regulations that would allow broker-dealers to operate crypto assets in alternative trading systems. This move is seen as a significant development in the industry, as it could pave the way for greater institutional involvement in the market.

Meanwhile, the SEC has published a comprehensive guide on how federal securities laws apply to crypto assets. The guidance provides a clearer framework for distinguishing securities from non-securities, which is expected to have a major impact on the industry.