PANews reported on March 23 that, according to Bloomberg, the U.S. Securities and Exchange Commission (SEC) has submitted two new proposals to the White House Office of Management and Budget (OMB). One proposal concerns regulatory exemptions for digital assets, and the other concerns disclosure rules for hedge funds and private equity funds. SEC Chairman Paul Atkins stated that the digital asset proposal would introduce an "innovation exemption," allowing relevant entities to be exempt from registering as brokerages, exchanges, or other regulated entities for a limited period. The other proposal may adjust Form PF requirements, reassessing the regulatory value of disclosed data and the compliance burden on investment managers. Previously, the SEC had postponed the effective date of the new Form PF disclosure rules, spearheaded by its predecessor Gary Gensler, to October 1.