All developments
SECGeneralJuly 2, 2026

SEC Seeks Public Comment on ETFs Holding Novel Assets Like Crypto

The SEC is requesting public comment on ETFs that invest in innovative or novel asset classes — a category that includes crypto and digital assets — and new investment strategies, aiming to balance investor protection with market innovation. Compliance officers at firms involved in digital asset ETFs or considering such products should monitor this closely, as SEC feedback may shape future registration, disclosure, and structural requirements. Responses submitted now could influence the regulatory framework governing crypto ETF structures.

What to do

  • Review the SEC's request for comment, assess your firm's exposure to novel ETF structures (including any crypto or digital asset ETF products), and consider submitting a comment letter before the deadline.

Who this affects

Crypto ExchangeCrypto CustodianBroker-Dealer / RIATrust CompanyOther

Does this affect your program?

Pick your institution type for an instant read on whether you're in scope — then see exactly which sections of your own policies this changes.

Source

Read the official publication

This radar entry is educational and does not constitute legal advice. Summaries are AI-assisted and grounded in the linked official source; always verify against the primary source and consult qualified legal counsel for jurisdiction-specific guidance.

Related developments

SEC

SEC Civil Penalty Amounts Frozen — No 2026 Inflation Adjustment

The SEC has announced that, per OMB guidance, civil monetary penalties under key securities laws (Securities Act, Exchange Act, Investment Company Act, Advisers Act, Sarbanes-Oxley) will not be adjusted for inflation in 2026. The penalty maximums set in January 2025 remain in effect for all violations occurring after November 2, 2015. Broker-dealers, RIAs, and crypto firms registered with or subject to SEC jurisdiction should note that penalty exposure levels are unchanged heading into 2026.

Federal Reserve

Multi-Agency Final Rule Sets Common Data Standards for Financial Regulators

Nine federal financial regulators — including OCC, FDIC, CFTC, SEC, and Treasury — finalized a joint rule establishing interoperable data standards for regulatory reporting under the Financial Data Transparency Act of 2022. No reporting requirements change immediately; future rulemakings will incorporate these standards into specific collections. Compliance teams should track follow-on rulemakings, as this framework will eventually affect how regulated entities submit data to multiple agencies.

CFTC

CFTC & SEC Seek Input on Overhauling Swap Data Reporting Rules

The CFTC and SEC are jointly requesting public comment on potential changes to how swap and security-based swap data must be reported. Crypto derivatives and tokenized swap products may fall within scope, making this relevant to exchanges and broker-dealers dealing in digital asset derivatives. Compliance officers should monitor whether proposed changes affect reporting obligations for crypto-linked swaps.

SEC

SEC & CFTC Seek Input on Overhauling Swap Data Reporting Rules

This is the SEC-side publication of the same joint CFTC/SEC request for comment on redesigning swap and security-based swap data reporting requirements. Crypto exchanges and broker-dealers offering digital asset derivatives should track this rulemaking closely as it could reshape trade reporting obligations. The comment period represents an opportunity to influence how crypto-linked instruments are treated.

Stay ahead of every rule change

PliOS monitors FinCEN, OCC, OFAC, the SEC and CFTC and tells you which of your policies each new rule affects — with the edit already drafted. Start free.

Run My Free Assessment