U.S. SEC Acting Chair Revises Agency Proposal for Crypto Trading Platforms

The Managed Funds Association has urged the U.S. Securities and Exchange Commission to revise or repeal regulations implemented over the last four years. They have recommended enhancing market infrastructure before implementing crucial reforms to mitigate systemic risk. The MFA has also urged the SEC to scrutinize the 2023 update of the 'Form PF rule,' mandating funds to report stress events within 72 hours. Moreover, the MFA has called for establishing a framework to oversee digital asset securities, ensuring adherence to custody regulations.