White House weighs SEC plan to revise crypto broker requirements

The White House is reviewing an SEC proposal to revise the broker requirements that apply to crypto firms, a rulemaking that could reshape how digital-asset platforms register and operate in the US. The revisions target the broker definition that crypto exchanges and other intermediaries have argued is ill-suited to decentralized markets, and the outcome could accelerate US leadership in digital finance while influencing global regulatory standards. The proposal is under White House review before any final adoption, with the timing and scope of the revised requirements still to be determined. Market participants are watching whether the changes narrow registration obligations for platforms and how quickly the SEC moves to finalize the rule.