On May 16, according to the official website, the U.S. Securities and Exchange Commission (SEC) released a FAQ on activities related to encryption assets and Distributed Ledger technology, covering broker-dealer custody rules, physical subscriptions for crypto Spot ETFs, capital treatment for Bitcoin and Ethereum, and rules for transfer agents of tokenized securities. Commissioner Hester Peirce described the guidance as "a step in the right direction" and reminded that non-securities crypto assets are not protected under the Securities Investor Protection Act (SIPA).

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