The US SEC submitted rules for digital asset and fund disclosure to the White House, proposing to introduce an innovative exemption mechanism

According to Bloomberg, the U.S. Securities and Exchange Commission has submitted two proposed rules to the Office of Management and Budget at the White House, concerning the digital asset industry and the disclosure requirements for hedge funds and private equity funds. Among them, the digital asset proposal includes an "innovation exemption" mechanism that allows relevant companies to be exempt from registering as regulated entities such as brokers or exchanges for a certain period.

The other rule adjusts Form PF, which is used for disclosing fund performance and risks. In addition, SEC Chairman Paul Atkins had previously postponed the effective date of the new Form PF regulations to October 1 and stated that he would explore ways to reduce the disclosure burden.