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SEC Proposes New Rules On Crypto Custody
The US Securities and Exchange Commission has put forward new rules governing how cryptocurrency assets are held in custody, according to Bitcoin Magazine. The proposal would set fresh requirements for firms safeguarding digital assets on behalf of clients, a long-contentious area for exchanges and custodians. Crypto industry observers are watching closely, as custody standards shape how exchanges, brokers and funds can operate and how investors' holdings are protected.
Why now: New SEC rulemaking directly affects crypto exchanges, custodians and investors, making it a hot topic in the digital asset world.
SECBitcoin Magazinecrypto industry
Evidence
- SEC Proposes New Rules On Crypto Custody · Bitcoin Magazine
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