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🛡️ #SEC Releases #crypto Wallet & Custody Guidance 📘
The U.S. SEC has issued new guidance to educate investors on crypto wallet and custody practices, highlighting risks and best-use cases. 🔐📊 The bulletin explains differences between self-custody and third-party custody, warning about asset commingling and rehypothecation by custodians. ⚠️ Investors are urged to understand whether assets are segregated or lent out. 💼 Hot wallets offer convenience but face #HackingRisk risks 🌐, while cold wallets provide offline security yet risk permanent loss if keys are misplaced ❄️. The move signals a more constructive SEC stance, welcomed by the crypto community. 🚀
$RLS $RVV $DGC
The U.S. SEC has issued new guidance to educate investors on crypto wallet and custody practices, highlighting risks and best-use cases. 🔐📊 The bulletin explains differences between self-custody and third-party custody, warning about asset commingling and rehypothecation by custodians. ⚠️ Investors are urged to understand whether assets are segregated or lent out. 💼 Hot wallets offer convenience but face #HackingRisk risks 🌐, while cold wallets provide offline security yet risk permanent loss if keys are misplaced ❄️. The move signals a more constructive SEC stance, welcomed by the crypto community. 🚀
$RLS $RVV $DGC
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