Regulation· ★★★· neutral·

Bitwise Asks SEC to Protect Funds Relying on Token-Status Filings

  • —The Oct. 21 letter builds on Bitwise's Oct. 19 response to the proposed Regulation Crypto Assets
  • —Bitwise asks the SEC to separate an issuer's Form TR filing from when a fund can rely on it
  • —The firm wants protection for good-faith determinations based on public information
  • —Filing Form TR should not be treated as an admission about an asset's prior legal status
Why it matters: The final SEC rules will determine whether funds can hold tokens based on public issuer filings without access to internal records.
Source: NewsBTC
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