World · Regulation · United States ·
SEC sends crypto custody rule to White House for review
The US Securities and Exchange Commission has submitted a proposed overhaul of crypto custody rules to the White House for review. The new approach would clarify how investment advisers and funds hold digital assets for clients, marking a different path from a narrower 2023 attempt that failed.
Why it matters for the crypto market
Clear custody rules are foundational for institutional crypto adoption; this signals the SEC is advancing a framework that could ease compliance for large asset managers and funds managing client crypto holdings.
Source: cointelegraph.com
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