The agency plans to reduce the compliance burden for emerging companies and allow semiannual reporting. The SEC is also considering changes to broker-dealers’ minimum liquid capital requirements and customer protections in the event of a broker’s insolvency. In addition, the agency intends to adjust recordkeeping rules for broker-dealers. The regulator emphasizes that these changes are necessary to clarify the regulatory framework for crypto assets and prevent violations of the law. The new measures apply to rules governing the issuance, custody, and trading of crypto assets.