LATEST: 🇺🇸 The SEC has proposed a regulatory framework for investment advisers and funds to custody crypto assets, which Chair Paul Atkins says gives them "a compliant pathway where none existed before."
This could make it easier for traditional financial firms and funds to develop crypto investment products and strategies, because one major operational/regulatory question—who can safely and compliantly hold the assets?—gets a clearer answer. The SEC itself says the proposal is intended to remove regulatory barriers to crypto related investment advice and expand the strategies regulated funds can offer.
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