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๐จ SEC Accuses Galois Capital of Non-Compliance with Crypto Custody Rules ๐จ
The SEC has filed charges against Galois Capital, a cryptocurrency-focused advisory firm, for failing to comply with crypto custody regulations. In an unsurprising move, the SEC and Galois Capital reached a settlement agreement in which Galois Capital neither admits nor denies the allegations.
๐ฅ Market Perspective: Some feel that the SEC is going too far in its control, causing trouble not only for crypto but also for NFTs. With Trumpโs strong support for crypto and promises from Harrisโs advisors for a more favorable regulatory environment for crypto, the question is who is Gary Gensler, who is not on TV much these days, taking orders from?
๐ Stay tuned for more!
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