White House Reviews SEC Proposal to Ease Rules for Crypto Broker-Dealers

The White House is reviewing a Securities and Exchange Commission proposal to overhaul how broker-dealers handle digital assets, marking a significant step toward lighter regulatory standards for crypto firms operating in the United States. The proposal was sent to the Trump administration's Office of Management and Budget earlier this week, according to a post on the agency's web page.

The planned amendments cover three core areas: capital requirements, customer-asset safeguards, and recordkeeping obligations for broker-dealers that handle crypto assets. The review signals a continuation of President Trump's pledge to make the United States the "crypto capital of the world," a goal he backed with an executive order in 2025 calling for regulatory clarity in digital financial technology.

If the OMB clears the proposal, it would make it easier for financial firms to offer cryptocurrency services under SEC-regulated frameworks, reducing compliance burdens that have historically limited broker participation in crypto markets.