US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly proposed an amendment to reporting requirements for hedge funds. According to the proposal, a new sub-asset class should be created for digital assets reporting and the reporting would have to distinguish between “digital assets” and “cash and cash equivalents” to ensure more accurate reporting.

For more information see Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers at https://www.federalregister.gov/documents/2022/09/01/2022-17724/form-pf-reporting-requirements-for-all-filers-and-large-hedge-fund-advisers