SEC proposal to clarify the custody of digital assets
Decrypt reported that the SEC has proposed rules that explain how advisers and funds should custody digital assets. The proposal aims to provide a clear compliance pathway after years of uncertainty.
• The proposal allows the use of credit companies regulated by states as custodians.
• It permits self-custody under specific conditions.
• The rules are proposed, not final.
💧 Impact on the market and liquidity: The proposal may expand custody options for advisers and funds and reduce regulatory uncertainty, but the available information does not confirm an effect on liquidity flows or trading volumes.
🎯 Most affected: custody of digital assets, advisers and funds, credit companies
Source: Decrypt
#Crypto #Regulation
Decrypt reported that the SEC has proposed rules that explain how advisers and funds should custody digital assets. The proposal aims to provide a clear compliance pathway after years of uncertainty.
• The proposal allows the use of credit companies regulated by states as custodians.
• It permits self-custody under specific conditions.
• The rules are proposed, not final.
💧 Impact on the market and liquidity: The proposal may expand custody options for advisers and funds and reduce regulatory uncertainty, but the available information does not confirm an effect on liquidity flows or trading volumes.
🎯 Most affected: custody of digital assets, advisers and funds, credit companies
Source: Decrypt
#Crypto #Regulation