Last week, representatives from Fidelity met with the SEC crypto panel to discuss regulatory recognition of on chain incentives such as liquidity mining

BlockBeats News: On February 25th, according to a memorandum from the US SEC meeting, on February 20th, 2025, the US Securities and Exchange Commission (SEC) Crypto Task Force met with representatives from Fidelity Investments. Fidelity representatives submitted attachment documents and discussed relevant content during the meeting The applicability of Rule 15C3-3 (Customer Protection Rules) to the interaction between brokers and digital asset securities, and the discussion of brokers' requirements for customer asset isolation and custody in digital asset securities trading; Standardization rules for the listing of digital asset exchange traded products (ETPs) to promote a standardized framework for the issuance and listing of digital asset ETPs; Clarify the selection mechanism for asset pledge by fund initiators, and define the compliance path and operational standards for funds when pledging encrypted assets; Accounting treatment of rewards related to tokens and financial instruments based on blockchain, exploring regulatory recognition methods for on chain incentives such as staking income and liquidity mining rewards.