🚨 #SECProposesCryptoCustodyRules
The SEC has proposed a new framework for how investment advisers and regulated funds can custody crypto assets. The proposal would allow self-custody in certain circumstances and permit the use of state trust companies as custodians. �
SEC +1
For crypto markets, the bigger point is regulatory clarity. If implemented, clearer custody rules could make it easier for regulated investment firms to manage digital assets.
The proposal is not a final rule yet—public comments are open for 60 days after publication in the Federal Register. �
SEC
Could clearer custody rules bring more institutional money into crypto? 👀
#SEC #Bitcoin #CryptoRegulation #BinanceSquare
@Eggtartcake_
The SEC has proposed a new framework for how investment advisers and regulated funds can custody crypto assets. The proposal would allow self-custody in certain circumstances and permit the use of state trust companies as custodians. �
SEC +1
For crypto markets, the bigger point is regulatory clarity. If implemented, clearer custody rules could make it easier for regulated investment firms to manage digital assets.
The proposal is not a final rule yet—public comments are open for 60 days after publication in the Federal Register. �
SEC
Could clearer custody rules bring more institutional money into crypto? 👀
#SEC #Bitcoin #CryptoRegulation #BinanceSquare
@Eggtartcake_
