White House Reviewing SEC’s Crypto, Hedge Fund Disclosure Plans

The Securities and Exchange Commission sent two new proposed rules, one on digital assets and another on hedge fund and private equity firm disclosures, to the White House for review.

The two plans are under review by the White House’s Office of Management and Budget, according to a notice posted on a US government website. The proposals were sent on March 20 but made public on Monday.

SEC Chairman Paul Atkins previewed the sweeping digital asset proposal during a speech last week. The measure will include a long-awaited “innovation exemption” for digital asset firms to avoid registration as brokers, exchanges ...