The SEC has proposed amending Rule 15c2-11 of the Exchange Act to exclude crypto assets and other crypto assets from its scope.

On March 16, the U.S. Securities and Exchange Commission (SEC) proposed amendments to Rule 15c2-11 of the Exchange Act. This rule sets forth information collection and review requirements for broker-dealers who publish quotes in over-the-counter markets or maintain continuous quote markets. The proposed amendments explicitly limit the scope of Rule 15c2-11 to equity securities. SEC Chairman Paul S. Atkins stated that regulations should be appropriately adjusted according to the asset class to which they apply, and this proposal aims to clarify regulatory obligations when publishing quotes. The proposal has been published on the SEC website, and the public comment period is 60 days from the date of publication in the Federal Register.