CTF Written Submission

Re: Request for Information on There Must Be Some Way Out of Here

July 2, 2025
  • Fidelity supports the withdrawal of the Joint Staff Statement on Broker-Dealer Custody of Digital Asset Securities and recommends identifying best practices for broker-dealers that custody digital assets.
  • Fidelity urges the SEC to clarify that a broker-dealer may offer its customers a fully-paid lending program for digital assets.
  • Fidelity recommends establishing a safe harbor to support secondary trading of digital assets that are not investment contracts.

Last Reviewed or Updated: July 2, 2025