Fidelity suggests that the SEC improve the regulatory framework for crypto asset broker-dealers.

Fidelity Investments has suggested to the U.S. Securities and Exchange Commission (SEC) to improve the regulatory framework for broker-dealers providing, custodying, and trading crypto assets on Alternative Trading Systems (ATS). Fidelity emphasized the importance of establishing a comprehensive regulatory framework and clear rules for trading tokenized securities, including rules for third-party issued tokenized securities. The company also recommended bridging the regulatory gap between centralized and decentralized trading systems, and issuing guidance to allow broker-dealers to use distributed ledger technology for recordkeeping.