Fidelity Seeks SEC Guidance on Crypto Trading Framework

Fidelity has made a significant push for clarity on cryptocurrency trading regulations, requesting guidance from the Securities and Exchange Commission (SEC) on establishing a framework for broker-dealers to handle cryptocurrencies through Alternative Trading Systems.

The financial services company emphasized the need for regulators to provide clear rules governing security tokens and differentiated approaches for centralized versus decentralized trading platforms. This move aims to address regulatory uncertainty and facilitate greater institutional participation in digital asset markets.

Regulatory frameworks must evolve to accommodate rapidly evolving technology, including blockchain networks, smart contracts, and decentralized protocols. Fidelity suggests that regulators consider technology-neutral approaches where possible and develop graduated frameworks that apply different requirements based on system characteristics.