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U.S. SEC Changes Its Mind on Officially Labeling Digital Assets in Hedge Fund Regulation

by Index Investing News
May 4, 2023
in Cryptocurrency
Reading Time: 1 min read
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“The SEC is a regulator that requires transparency from its registrants, but it is continuing to withhold regulatory clarity by not defining digital assets,” said Anne-Marie Kelley, a partner at Mercury Strategies who was a longtime SEC official. She suggested the commission may have deleted the definition because “any recognition of digital assets uniqueness as a novel product weakens their litigation stance that digital assets are securities and subject to the SEC securities laws.”



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