White House weighs SEC plan to revise crypto broker requirements

Trump administration reviews SEC proposals to update broker-dealer rules for digital asset clarity. The Securities and Exchange Commission has sent a proposal to revise US broker-dealer rules for crypto assets to the White House for review. The SEC submitted the planned amendments to the Trump administration’s Office of Management and Budget earlier this week. The move was first reported by Bloomberg. The changes would address how existing broker-dealer requirements for financial responsibility, recordkeeping, and reporting apply to crypto assets. The SEC described the effort as part of its broader work to deliver regulatory clarity and craft rules for digital asset markets. The timing fits with President Donald Trump’s stated ambition to position the US as the “crypto capital of the world.” Trump signed an executive order in 2025 directing agencies to pursue regulatory clarity for digital financial technology. With crypto market structure legislation having stalled in the Senate earlier this year, the SEC is pressing ahead through its own rulemaking authority rather than waiting for Congress to act. The agency is expected to move quickly on remaining proposals in its digital asset...