The SEC has released final reporting rules for private equity firms and hedge funds. The proposed rules included a definition of digital assets, but this was dropped from the final rule. In August 2022, the SEC had proposed amendments to its Form PF, which would have required that digital assets be reported separately and proposed defining digital assets as assets “issued and/or transferred using distributed ledger or blockchain technology, including, but not limited to, so-called ‘virtual currencies’, ‘coins’, and ‘tokens.’ ” A footnote to the final rules says, “the Commission and staff are continuing to consider this term and are not adopting ‘digital assets’ as part of this rule at this time.”