The SEC proposes a new path to hold cryptocurrencies from funds
The U.S. SEC has proposed a framework that, under certain conditions, would allow financial advisers and certain funds to hold digital assets themselves or to place them with state-approved trust companies. President Paul Atkins presents this proposal as a clearer compliance route for holding cryptocurrencies for their clients. This is a draft set of rules submitted for consultation, not a change that is already in effect. If adopted, this initiative could make it easier for funds to access these assets.
The U.S. SEC has proposed a framework that, under certain conditions, would allow financial advisers and certain funds to hold digital assets themselves or to place them with state-approved trust companies. President Paul Atkins presents this proposal as a clearer compliance route for holding cryptocurrencies for their clients. This is a draft set of rules submitted for consultation, not a change that is already in effect. If adopted, this initiative could make it easier for funds to access these assets.
