🚨UPDATE: SEC Sends New CRYPTO CUSTODY Proposal to White House for Review — Targeting Clearer Rules for Institutions to Hold Digital Assets 🤯🇺🇸
The SEC has OFFICIALLY moved proposed changes to its custody rules into White House regulatory review, with the proposal specifically addressing the custody of CRYPTO ASSETS. 👀
The potential changes are aimed at:
👉 Clarifying how investment advisers and funds can legally custody crypto
👉 Modernizing rules for holding digital assets on behalf of clients
👉 Addressing uncertainty over which custody structures meet SEC requirements
👉 Creating clearer rules that could make it easier for traditional financial institutions to participate in crypto
⚠️ The proposal is NOT FINAL yet. White House/OIRA review is a step before the SEC can move toward formally publishing the proposed rule
$XRP $XLM $BTC
The SEC has OFFICIALLY moved proposed changes to its custody rules into White House regulatory review, with the proposal specifically addressing the custody of CRYPTO ASSETS. 👀
The potential changes are aimed at:
👉 Clarifying how investment advisers and funds can legally custody crypto
👉 Modernizing rules for holding digital assets on behalf of clients
👉 Addressing uncertainty over which custody structures meet SEC requirements
👉 Creating clearer rules that could make it easier for traditional financial institutions to participate in crypto
⚠️ The proposal is NOT FINAL yet. White House/OIRA review is a step before the SEC can move toward formally publishing the proposed rule
$XRP $XLM $BTC
