đ¨ The U.S. Securities and Exchange Commission (SEC) has taken another step toward making cryptocurrencies âa normal thingâ on Wall Street.
The SEC has proposed a new custody framework for registered investment advisers and regulated funds, aiming to give them a clearer legal path to hold digital-asset holdings under federal securities laws.
This sounds boring.
But it isnât.
Custody has been one of the biggest obstacles in the world of cryptocurrency:
Who holds the assets?
How are they separated?
What controls are required?
And who is responsible if something goes wrong?
The proposal is designed to update those rules for assets recorded on distributed ledgers while preserving essential safeguards like segregation and operational controls.
The translation?
The SEC isnât just debating whether cryptocurrencies belong in the world of finance or not.
It has started to define how traditional finance can hold them.
And this matters for funds, advisers, banks, custodians/brokersâand ultimately for institutional demand.
The boring âcomplianceâ infrastructure is finally catching up with the developments. đ
Please follow up
$BTC $ETH $COIN.US
#secproposescryptocustodyframework #NEARFallsToAround$4.70Down14% #EvernorthPlansNasdaqListingOct8 #EvernorthPlansNasdaqListingOct8 #IMFApproves$139MDisbursementToElSalvador #AnthropicTargetsIPOAsSoonAsMidNovember
The SEC has proposed a new custody framework for registered investment advisers and regulated funds, aiming to give them a clearer legal path to hold digital-asset holdings under federal securities laws.
This sounds boring.
But it isnât.
Custody has been one of the biggest obstacles in the world of cryptocurrency:
Who holds the assets?
How are they separated?
What controls are required?
And who is responsible if something goes wrong?
The proposal is designed to update those rules for assets recorded on distributed ledgers while preserving essential safeguards like segregation and operational controls.
The translation?
The SEC isnât just debating whether cryptocurrencies belong in the world of finance or not.
It has started to define how traditional finance can hold them.
And this matters for funds, advisers, banks, custodians/brokersâand ultimately for institutional demand.
The boring âcomplianceâ infrastructure is finally catching up with the developments. đ
Please follow up
$BTC $ETH $COIN.US
#secproposescryptocustodyframework #NEARFallsToAround$4.70Down14% #EvernorthPlansNasdaqListingOct8 #EvernorthPlansNasdaqListingOct8 #IMFApproves$139MDisbursementToElSalvador #AnthropicTargetsIPOAsSoonAsMidNovember
