Published on February 06, 2024 18:17 GMT+00:00edited on February 06, 2024 18:19 GMT+00:00

The Securities and Exchange Commission voted to adopt rules that require market participants who have significant liquidity-providing roles to comply with federal securities laws, looping in cryptocurrency to the mix.

The SEC voted 3-2 to adopt that rulemaking in a meeting on Tuesday, which in its proposed 194-page form included one mention of crypto in a footnote. The 247-page rule adopted on Tuesday will apply to people transacting in crypto assets that meet the definition of securities or government securities, with the exception of having assets less than $50 million. The rules would affect decentralized finance, according to the adopted rule. 

"If a person’s trading activities in crypto asset securities, including products, structures and activities involved in the so-called …