SEC resumes its actions, this time directly targeting crypto custody rules. The proposed dossier has been sent straight to the White House for review. This is extremely hot news for organizations that are 'hovering' over the market.
The goal is to modernize and clarify custody standards, and to clean up outdated regulations. If successful, this will remove major barriers and open the door wide for large investment funds to pour capital into digital assets.
Remember, custody is a core factor in attracting massive institutional inflows.
But don’t celebrate just yet! The specific changes have not been announced. The SEC may create a new framework, but whether it will be a 'wide-open door' or a 'barbed-wire fence' is still an open question.
Is this move the catalyst the market has been waiting for to lift $BTC and other altcoins to a new height?
#Crypto #SEC
$BTC $ETH
The goal is to modernize and clarify custody standards, and to clean up outdated regulations. If successful, this will remove major barriers and open the door wide for large investment funds to pour capital into digital assets.
Remember, custody is a core factor in attracting massive institutional inflows.
But don’t celebrate just yet! The specific changes have not been announced. The SEC may create a new framework, but whether it will be a 'wide-open door' or a 'barbed-wire fence' is still an open question.
Is this move the catalyst the market has been waiting for to lift $BTC and other altcoins to a new height?
#Crypto #SEC
$BTC $ETH