The U.S. Securities and Exchange Commission has sent a proposal to revise broker-dealer rules for crypto assets to the White House for review.
Proposal lands at OMB
The White House’s Office of Information and Regulatory Affairs received the proposal on Nov. 3, according to a listing on reginfo.gov.
Titled “Amendments to Broker-Dealer Financial Responsibility and Recordkeeping and Reporting Rules Regarding Crypto Assets,” the filing sits at the proposed rule stage and is marked as economically significant.
It remains pending review, with no legal deadline attached.
Bloomberg first reported the submission, noting that the SEC sent it to the Trump administration’s Office of Management and Budget earlier this week.
What the rules would cover
The changes would address how existing broker-dealer requirements for financial responsibility, recordkeeping and reporting apply to crypto assets.
According to the SEC’s regulatory agenda, its Division of Trading and Markets is considering recommending amendments to Rules 15c3-1 and 15c3-3 and other financial responsibility rules, as well as Rules 17a-3 and 17a-4.
The Defiant reported that the planned amendments cover capital requirements, customer-asset safeguards and recordkeeping for broker-dealers handling crypto assets.
The agency’s agenda had previously pointed to July 2026 for the proposal.
Part of a wider policy push
President Donald Trump has vowed to make the U.S. the “crypto capital of the world” and approved an executive order in 2025 seeking “regulatory clarity” for digital financial technology.
With crypto market structure legislation stalled in the Senate earlier this year, the SEC is pressing ahead through its own rulemaking authority rather than waiting for Congress, according to Crypto Briefing.
The SEC isn’t the only regulator moving, as the Commodity Futures Trading Commission has sent a separate proposal to the OMB focused on consumer protections for prediction market participants.
