đš House Dems cooking up a new crypto billâand it's not pretty for exchanges.
Key moves:
âą SEC gets MORE power over exchanges (not less)
âą Stricter custody rules incoming
âą Federal ethics restrictions on the table
This isn't the pro-crypto regulatory clarity everyone's been begging for. This is the SEC getting a longer leash.
If you're running an exchange or holding assets on one, pay attention. Custody requirements could force major operational changes. And more SEC oversight = more enforcement risk.
Still early, but the vibe? Regulatory pressure isn't easingâit's shifting venues.
Key moves:
âą SEC gets MORE power over exchanges (not less)
âą Stricter custody rules incoming
âą Federal ethics restrictions on the table
This isn't the pro-crypto regulatory clarity everyone's been begging for. This is the SEC getting a longer leash.
If you're running an exchange or holding assets on one, pay attention. Custody requirements could force major operational changes. And more SEC oversight = more enforcement risk.
Still early, but the vibe? Regulatory pressure isn't easingâit's shifting venues.