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US FINRA releases 2024 regulatory report, including crypto asset topics for the first time

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The Financial Industry Regulatory Authority (FINRA) of the United States has released its annual regulatory and supervisory report for 2024, which includes a chapter specifically on cryptocurrency assets for the first time. FINRA is a self-regulatory organization in the United States responsible for regulating securities broker-dealers, and it is overseen by the Securities and Exchange Commission (SEC). Cryptocurrency asset development and advertising volume are new topics covered among the 26 topics. The report stated: "FINRA's Member Application Program (MAP) follows SEC guidance and evaluates a company's proposed cryptocurrency securities business line based on applicable rules, such as the SEC's financial responsibility rules and customer protection rules."

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