The U.S. Protections and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) accept there are various inquiries they have to address before they can favor crypto organizations' applications to end up intermediary vendors.
In a joint explanation Monday, the SEC Division of Trading and Markets and FINRA's office of general direction sketched out the various components that the organizations think about when deciding if to favor an intermediary seller application by an organization which contacts advanced resources, including guardianship and whether the benefits are treated as protections under the Securities Investor Protection Act (SIPA) of 1970.
