Fidelity representatives met with the SEC crypto panel last week and mentioned the regulatory recognition of on-chain incentives such as liquidity mi

according to a memorandum filed by the U.S. SEC today, on February 20, the U.S. Securities and Exchange Commission (SEC) Cryptocurrency Special Action Group met with representatives from Fidelity Investments. The Fidelity representatives submitted attachment documents and discussed the following during the meeting:

- The applicability of customer protection rules to brokers and the interaction of digital asset securities, discussing the requirements for the segregation and custody of customer assets in digital asset securities trading;

- Standardized listing rules for Exchange-Traded Products (ETPs) on digital asset exchanges, to promote a standardized framework for the issuance and listing of digital asset ETPs;

- Clarifying the mechanism for fund sponsors to choose asset pledging, defining the compliance path and operational norms for funds when pledging encrypted assets;

- Accounting treatment for tokens and financial instruments based on blockchain, discussing regulatory recognition methods for on-chain incentives such as pledging rewards and liquidity mining rewards.