How does the de minimis rule for investment advisers apply to cryptocurrency investments?

1 answers

• Dec 15, 2021 · 3 years ago
  At BYDFi, we understand the importance of compliance with regulatory requirements. The de minimis rule for investment advisers is a provision that allows certain advisers to avoid SEC registration if they have fewer than 15 clients and do not hold themselves out to the public as investment advisers. This rule applies to cryptocurrency investments as well. So, if you're a cryptocurrency investment adviser with a small client base and you're not actively marketing your services, you may be exempt from SEC registration. However, it's crucial to remember that compliance with other regulatory obligations, such as anti-fraud provisions and record-keeping requirements, is still necessary to ensure the integrity of the cryptocurrency industry.
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