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

The U.S. Securities and Exchange Commission has submitted two proposed rules to the Office of Management and Budget at the White House, concerning disclosure requirements for the digital asset industry and hedge funds, private equity funds. Among them, the digital asset proposal includes an "innovation exemption" mechanism, allowing 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 used for disclosing fund performance and risks. Additionally, SEC Chairman Paul Atkins has 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.