US EditionSEC may scrap Biden-era crypto asset custody proposal, acting chief says
- The U.S. Securities and Exchange Commission is considering changing or scrapping regulations proposed during the Biden administration regarding cryptocurrency custody requirements, according to Acting Chair Mark Uyeda.
- Uyeda mentioned a potential extension for compliance deadlines for rules requiring more frequent reporting of mutual fund holdings, noting that public comments raised concerns.
- The SEC extended compliance deadlines for the Names Rule to help funds properly implement amendments, with new dates set for June and December 2026.
- Uyeda emphasized the need for regulations that are effective and cost-efficient while respecting statutory limits during his speech at an investment conference.
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21 Articles
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Denver GazetteSEC may scrap Biden-era crypto asset custody proposal, acting chief says
Wall Street's top regulator is considering changing or scrapping regulations proposed under the prior administration that would require investment advisors keeping custody of cryptocurrencies and other assets to meet stricter standards, the agency's interim chief said on Monday.Mark Uyeda, acting chair of the
SEC Chair Mark Uyeda Hints at Possible Changes to Crypto Custody Rules
The US SEC may discard or revise crypto custody rules from the Biden administration. Former SEC chair Gensler made it mandatory for investment advisors to report their holdings at regular intervals for greater transparency. The Trump administration in the US has already brought several changes in terms of crypto regulation and acceptance. To fulfill his promise to make the US a crypto capital, Trump has already taken several initiatives such a…
US SEC Acting Chair Uyeda Proposes Reexamination
The Acting Chair of the United States Securities and Exchange Commission, Mark T. Uyeda, has proposed reexamining the Crypto Custody rule initiated by the Gary Gensler-led Commission. Uyeda said commentators criticized the rule, which requires registered investment advisers to keep crypto with a qualified custodian and requires those custodians to abide by certain requirements. Speaking… The post US SEC Acting Chair Uyeda Proposes Reexamination…
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