🔴 BREAKING: SEC crypto custody rule rewrite has officially entered White House review.
The proposed changes will impact how investment advisers, banks, and funds are permitted to store digital assets.
Final rules are targeted for October, though specific details remain undisclosed.
#SEC #CryptoRegulation #Custody #CryptoNews
Read more
The proposed changes will impact how investment advisers, banks, and funds are permitted to store digital assets.
Final rules are targeted for October, though specific details remain undisclosed.
#SEC #CryptoRegulation #Custody #CryptoNews
Read more
⚖️ SEC Proposes New Rules for Institutional Crypto Custody
The SEC has officially proposed a tailored framework to clarify how registered investment advisers and regulated funds can legally hold crypto assets. This move aims to replace decades-old rules from 1940 that have left institutional investors in a state of regulatory uncertainty for years.
The proposal would allow crypto to be held in self-custody under specific conditions and permits state trust companies to act as qualified custodians for client funds. It also updates financial audit requirements for advisers and broker-dealer custodial services managing digital assets.
#SEC #CryptoRegulation #InstitutionalCrypto #Custody
The SEC has officially proposed a tailored framework to clarify how registered investment advisers and regulated funds can legally hold crypto assets. This move aims to replace decades-old rules from 1940 that have left institutional investors in a state of regulatory uncertainty for years.
The proposal would allow crypto to be held in self-custody under specific conditions and permits state trust companies to act as qualified custodians for client funds. It also updates financial audit requirements for advisers and broker-dealer custodial services managing digital assets.
#SEC #CryptoRegulation #InstitutionalCrypto #Custody