🚨 BIG CRYPTO UPDATE FROM THE U.S.
The SEC has proposed new rules for crypto custody.
Under the proposal, some investment advisers and regulated funds could self-custody crypto in certain situations.
The SEC also wants to allow state trust companies to act as crypto custodians.
Why does this matter?
Clearer custody rules could make it easier for traditional financial firms and funds to work with crypto.
But remember: these are proposed rules, not final rules yet.
The crypto market is slowly moving closer to traditional finance. 👀
What do you think — could clearer custody rules bring more big money into crypto?
#Crypto #bitcoin #SEC #Ethereum #BTC
The SEC has proposed new rules for crypto custody.
Under the proposal, some investment advisers and regulated funds could self-custody crypto in certain situations.
The SEC also wants to allow state trust companies to act as crypto custodians.
Why does this matter?
Clearer custody rules could make it easier for traditional financial firms and funds to work with crypto.
But remember: these are proposed rules, not final rules yet.
The crypto market is slowly moving closer to traditional finance. 👀
What do you think — could clearer custody rules bring more big money into crypto?
#Crypto #bitcoin #SEC #Ethereum #BTC
