According to the latest report by Bloomberg, on August 25, the U.S. SEC submitted to the White House Office of Management and Budget (OMB) a revised proposal for cryptocurrency custody rules. The proposal aims to establish a new framework for investment advisers and investment companies to hold clients’ digital assets.
At the heart of this proposal is clarifying the regulatory boundaries for custody of crypto assets. It addresses the industry’s long-standing questions about “how to hold clients’ digital assets in compliance,” while also removing certain current requirements that the SEC considers outdated, to better align with current market developments and industry practices.
The SEC has stated clearly that this proposal is an important step toward modernizing the regulatory framework being pushed by Chair Paul Atkins. The full details of the proposal will still need to wait until the OMB review is completed before they are released. After the review ends, it will be returned to the SEC, possibly with modification suggestions, and then will be made public following a vote by the committee—currently dominated by Republican members.
As is customary, before finalizing any rule, the SEC typically seeks at least 60 days of public comment, and then votes again before the rule can officially take effect.
With the regulatory framework becoming clearer step by step, this is undoubtedly a positive sign for the industry’s long-term development. What do you think about this rule revision?
#加密监管 #SEC #US Crypto Policy
At the heart of this proposal is clarifying the regulatory boundaries for custody of crypto assets. It addresses the industry’s long-standing questions about “how to hold clients’ digital assets in compliance,” while also removing certain current requirements that the SEC considers outdated, to better align with current market developments and industry practices.
The SEC has stated clearly that this proposal is an important step toward modernizing the regulatory framework being pushed by Chair Paul Atkins. The full details of the proposal will still need to wait until the OMB review is completed before they are released. After the review ends, it will be returned to the SEC, possibly with modification suggestions, and then will be made public following a vote by the committee—currently dominated by Republican members.
As is customary, before finalizing any rule, the SEC typically seeks at least 60 days of public comment, and then votes again before the rule can officially take effect.
With the regulatory framework becoming clearer step by step, this is undoubtedly a positive sign for the industry’s long-term development. What do you think about this rule revision?
#加密监管 #SEC #US Crypto Policy