{"id":489566,"date":"2022-09-02T00:45:00","date_gmt":"2022-09-01T21:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cftc-and-sec-open-comments-for-proposal-to-amend-crypto-reporting-rules-for-large-hedge-funds\/"},"modified":"2022-09-02T00:45:00","modified_gmt":"2022-09-01T21:45:00","slug":"cftc-and-sec-open-comments-for-proposal-to-amend-crypto-reporting-rules-for-large-hedge-funds","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cftc-and-sec-open-comments-for-proposal-to-amend-crypto-reporting-rules-for-large-hedge-funds\/","title":{"rendered":"# CFTC and SEC open comments for proposal to amend crypto reporting rules for large hedge funds"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23e9a8cfe47\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23e9a8cfe47\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/cftc-and-sec-open-comments-for-proposal-to-amend-crypto-reporting-rules-for-large-hedge-funds\/#%E2%80%9D_CFTC_and_SEC_open_comments_for_proposal_to_amend_crypto_reporting_rules_for_large_hedge_funds_%E2%80%9C\" >&#8221; CFTC and SEC open comments for proposal to amend crypto reporting rules for large hedge funds &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_CFTC_and_SEC_open_comments_for_proposal_to_amend_crypto_reporting_rules_for_large_hedge_funds_%E2%80%9C\"><\/span>&#8221; CFTC and SEC open comments for proposal to amend crypto reporting rules for large hedge funds &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvOWRiNGQ1ZDctNDA2ZS00ZjJmLWFiZTUtMWUzMDRlOTk5Njk4LmpwZWc=.jpeg\" \/><\/p>\n<div class=\"post-content\" data-v-3511d6da>The United States Securities and Exchange Commission, or SEC, and the Commodity Futures Trading Commission, or CFTC, have called for comments on a proposal which would require large advisers to certain hedge funds to report exposure to crypto.<\/p>\n<p>In a joint proposed rule published to the Federal Register on Sept. 1, the SEC and CFTC <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.federalregister.gov\/documents\/2022\/09\/01\/2022-17724\/form-pf-reporting-requirements-for-all-filers-and-large-hedge-fund-advisers\">established<\/a> a 40-day comment period for amendments to Form PF, the confidential reporting document for certain investment advisers to private funds of at least $500 million. The proposal suggested qualifying hedge funds report exposure to crypto in a different category other than \u201ccash and cash equivalents,\u201d as the current iteration of Form PR does not specifically mention cryptocurrencies.<\/p>\n<p>Members of the public have until Oct. 11 to submit comments regarding the proposed changes, which the two regulators first introduced on Aug. 10. At the time, the SEC and CFTC cited the growth in the hedge fund industry as the reason for the proposed change, due in part to crypto investments becoming more common since Form PF was introduced following the 2008 financial crisis. <\/p>\n<p>Among the suggested changes to Form PF included a definition of \u201cdigital assets,\u201d potentially requiring certain hedge funds to report earnings based on investments in \u201cvirtual currencies\u201d, \u201ccoins\u201d, or \u201ctokens\u201d depending on the framework. The public was invited to comment on whether the regulators should use the term \u201ccrypto asset\u201d instead of \u201cdigital asset.\u201d<\/p>\n<p>\u201cWe view these terms as synonymous,\u201d said the proposal. \u201cWe are proposing the term and definition to be consistent with the SEC&#8217;s recent statement on digital assets, and we believe that such term and definition would provide a consistent understanding of the type of assets we intend to address.\u201d<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Chairs from the SEC and CFTC talk crypto regulation at ISDA meeting<\/em><\/strong><\/p>\n<p>The two regulators claimed that, if implemented, the proposal could allow investment advisers to provide more detailed information on strategies and exposure to certain assets, which would allow the Financial Stability Oversight Council to better assess potential risks to the economy. U.S. lawmakers are also currently considering different legislative <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roaches that aim to better establish the SEC\u2019s and CFTC\u2019s role in regulating crypto.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/cftc-and-sec-open-comments-for-proposal-to-amend-crypto-reporting-rules-for-large-hedge-funds\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; CFTC and SEC open comments for proposal to amend crypto reporting rules for large hedge funds &#8220; The United States Securities and Exchange Commission, or SEC, and the Commodity Futures Trading Commission, or CFTC, have called for comments on a proposal which would require large advisers to certain hedge funds to report exposure to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":489567,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvOWRiNGQ1ZDctNDA2ZS00ZjJmLWFiZTUtMWUzMDRlOTk5Njk4LmpwZWc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75422,132789,74898,70934,67874],"class_list":["post-489566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cftc","tag-hedge-fund","tag-sec","tag-regulation","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/489566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=489566"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/489566\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/489567"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=489566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=489566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=489566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}