TechFlame News - According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) has submitted two proposed rules to the White House Office of Management and Budget. These rules address disclosure requirements for the digital asset industry as well as for hedge funds and private equity funds. The digital asset proposal includes an "innovation exemption" mechanism, allowing relevant companies to be exempt from registering as regulated entities such as brokers or exchanges for a certain period. The other rule involves adjustments to Form PF, which is used to disclose fund performance and risks. Additionally, SEC Chairman Paul Atkins has previously postponed the effective date of the new regulations related to Form PF to October 1 and stated that efforts will be made to explore ways to reduce the disclosure burden.