Patrick trides

🚨 SEC PROPOSES NEW CRYPTO CUSTODY RULES 🇺🇸🔐 The U.S. Securities and Exchange Commission 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, particularly when no qualified custodian is available. 📌 State-chartered trust companies could also qualify as crypto custodians under specific conditions. 📌 The framework includes safeguards around private keys, cybersecurity, asset segregation and oversight. 📌 The proposal is not final yet. A 60-day public comment period will begin after publication in the Federal Register. 💡 Why it matters: Clearer custody rules could give investment advisers and regulated funds a defined regulatory pathway for holding digital assets, potentially expanding institutional access to crypto. ⚠️ This is a proposed rule, not an immediate change to existing requirements. Crypto remains highly volatile. DYOR and manage risk. What do you think about the SEC's new crypto custody framework? 👇 #Bitcoin #BTC #Ethereum #CryptoNews #SECProposesCryptoCustodyRules