Next for the U.S. SEC: Agency's chief crypto counsel illuminates path for custody
7 Articles
7 Articles
According to ChainCatcher, citing CoinDesk, Taylor Lindman, Chief Legal Counsel of the SEC's Crypto Working Group, stated at the CoinDesk Policy & Regulation event in Washington that the SEC is advancing crypto asset custody rules. The relevant proposals have been submitted to the White House Office of Management and Budget (OMB) for review, covering investment firms and broker-dealers. She stated that the rules aim to clarify how the market can…
SEC president Paul Atkins asked to develop a proposal that would allow investment advisers to directly guard cryptocurrency assets under certain conditions, while state trustees could assume similar functions.
SEC Prepares New Crypto Custody Rules
The U.S. Securities and Exchange Commission is moving closer to proposing new crypto custody rules as the regulator builds out its digital asset framework while congressional legislation remains uncertain. The SEC has sent a custody proposal covering investment advisers and broker-dealers to the White House Office of Management and Budget for review. The initiative is designed to clarify how traditional financial firms can hold both crypto secur…
Crypto Briefing
Cryptocurrency News | Cryptocurrency Prices | Market CapTD Cowen: SEC and CFTC rules more durable than orders, but both lag behind legislation
Agency rules offer temporary relief in crypto regulation, but lack the permanence and stability that only legislative action can provide.
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