On July 8, 2019, the staffs of the Division of Trading and Markets (“Division”) and the Office of General Counsel of the Financial Industry Regulatory Authority, Inc. (“FINRA”) issued a joint statement regarding broker-dealer custody of digital asset securities.[2] The staffs of the Division and the FINRA are withdrawing, effective immediately, the Joint Staff Statement.
To contact Commission staff for assistance, please visit the Commission’s Crypto Task Force webpage or contact Michael Macchiaroli, Associate Director, at (202) 551-5525, or Raymond Lombardo, Assistant Director, at (202) 551-5755. To contact FINRA staff for assistance, please visit FINRA’s Crypto Assets webpage or contact Tom Kimbrell, Associate General Counsel, at (202) 728-6926.
[1] This statement represents the views of the staff of the Division of Trading and Markets. It is not a rule, regulation, or statement of the U.S. Securities and Exchange Commission (“Commission” or “SEC”), and the Commission has neither approved nor disapproved its content. This statement, like all staff statements, has no legal force or effect: it does not alter or amend applicable law, and it creates no new or additional obligations for any person.
[2] See Joint Staff Statement on Broker-Dealer Custody of Digital Asset Securities, Division of Trading and Markets, U.S. Securities and Exchange Commission and Office of General Counsel, Financial Industry Regulatory Authority (Jul. 8, 2019) (hereinafter, “Joint Staff Statement”) (available at SEC.gov | Joint Staff Statement on Broker-Dealer Custody of Digital Asset Securities).
