SEC proposal would allow self-custody of digital assets in some cases
The Block reported that the SEC has proposed a framework for the custody of digital assets for investment advisers and funds. The proposal would permit self-custody in certain cases, along with allowing regulated state-chartered credit companies to act as custodians.
• The framework is proposed, not a final rule.
• Self-custody is limited to certain cases.
• The proposal includes state credit companies among custody options.
💧 Impact on the market and liquidity: The proposal may expand custody options for digital assets for investment advisers and funds, but the available information does not confirm an effect on liquidity flows or trading volumes.
🎯 Most affected: digital asset custody, investment advisers, funds, state credit companies
Source: The Block
#Crypto #Regulation
The Block reported that the SEC has proposed a framework for the custody of digital assets for investment advisers and funds. The proposal would permit self-custody in certain cases, along with allowing regulated state-chartered credit companies to act as custodians.
• The framework is proposed, not a final rule.
• Self-custody is limited to certain cases.
• The proposal includes state credit companies among custody options.
💧 Impact on the market and liquidity: The proposal may expand custody options for digital assets for investment advisers and funds, but the available information does not confirm an effect on liquidity flows or trading volumes.
🎯 Most affected: digital asset custody, investment advisers, funds, state credit companies
Source: The Block
#Crypto #Regulation