đš THE SEC MAY MAKE IT EASIER FOR WALL STREET TO HOLD CRYPTO.
The SEC has proposed new rules explaining how investment funds and advisers can store crypto for their clients.
Hereâs the simple version:
đŠ A fund buys crypto for its clients.
đ A qualified custodian holds the assets and protects the keys.
â ïž The fund may hold the crypto itself only in limited cases when no approved custodian is available.
Why does this matter?
Big institutions may want crypto, but they also need clear legal rules about where the assets can be kept and who is responsible for them.
This is only a proposalânot a final rule. The public has 60 days to comment before the SEC decides what happens next.
For traders, the direction is worth watching:
The discussion is slowly changing from âCan Wall Street touch crypto?â to âHow can Wall Street hold it legally?â
More regulationâor another bridge for institutional money? đ
$BTC $ETH $BNB
The SEC has proposed new rules explaining how investment funds and advisers can store crypto for their clients.
Hereâs the simple version:
đŠ A fund buys crypto for its clients.
đ A qualified custodian holds the assets and protects the keys.
â ïž The fund may hold the crypto itself only in limited cases when no approved custodian is available.
Why does this matter?
Big institutions may want crypto, but they also need clear legal rules about where the assets can be kept and who is responsible for them.
This is only a proposalânot a final rule. The public has 60 days to comment before the SEC decides what happens next.
For traders, the direction is worth watching:
The discussion is slowly changing from âCan Wall Street touch crypto?â to âHow can Wall Street hold it legally?â
More regulationâor another bridge for institutional money? đ
$BTC $ETH $BNB
