In April 2022, the Securities and Exchange Commission (the SEC) released its Proposed Rules on the Registration of Virtual Asset Service Providers and the Proposed Rules on the Issuance, Offering Platforms and Custody of Digital Assets (jointly referred to as the Proposed Rules).
Sequel to the release of the Proposed Rules, on 13 May 2022, the SEC issued the New Rules on Issuance, Offering Platforms and Custody of Digital Assets (the New Rules), which consolidates the earlier released Proposed Rules. This newsletter highlights key changes introduced by the New Rules.
