A proposed SEC measure may ease the obstacle to holding digital assets
The SEC proposal addresses custody requirements that affect investment advisors when digital assets are made available to clients. According to Cointelegraph, the proposal could remove a regulatory barrier that has prevented some advisors from offering certain digital currencies.
• Custody requirements limited the availability of some digital currencies through investment advisors.
• Removing the barrier presents an associated possibility, not a confirmed outcome.
💧 Impact on the market and liquidity: Easing the custody obstacle may expand the availability of some digital currencies to clients of investment advisors, but the available information does not prove resulting liquidity flows.
🎯 Most affected: the investment advisory sector, the digital asset custody sector
Source: Cointelegraph
#Crypto #Regulation
The SEC proposal addresses custody requirements that affect investment advisors when digital assets are made available to clients. According to Cointelegraph, the proposal could remove a regulatory barrier that has prevented some advisors from offering certain digital currencies.
• Custody requirements limited the availability of some digital currencies through investment advisors.
• Removing the barrier presents an associated possibility, not a confirmed outcome.
💧 Impact on the market and liquidity: Easing the custody obstacle may expand the availability of some digital currencies to clients of investment advisors, but the available information does not prove resulting liquidity flows.
🎯 Most affected: the investment advisory sector, the digital asset custody sector
Source: Cointelegraph
#Crypto #Regulation