SEC encryption working group is pushing new regulations for encrypted asset custody.
The key is to clarify the following two points for securities brokers and investment advisers:
1- Brokers may hold non-securities crypto assets without special registration.
2- Investment advisers may entrust client assets to state-chartered trust companies for custody.
Once the custody chain is opened up, compliance friction for institutional capital entering the market will drop significantly.
The key is to clarify the following two points for securities brokers and investment advisers:
1- Brokers may hold non-securities crypto assets without special registration.
2- Investment advisers may entrust client assets to state-chartered trust companies for custody.
Once the custody chain is opened up, compliance friction for institutional capital entering the market will drop significantly.